sec 143(1)(a)
PRITI (STUDENT) (111 Points)
03 February 2019PRITI (STUDENT) (111 Points)
03 February 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167568 Points)
Replied 03 February 2019
Its rightly added to your income.....
Builder could have paid the amount directly to bank !!!
PRITI
(STUDENT)
(111 Points)
Replied 03 February 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167568 Points)
Replied 03 February 2019
No.
After recent amendments in the act, it will be treated as the income in your hands. Secondly, builder is required to deduct TDS for the reimbursement amount.
You can take the benefit of home loan interest rebate u/s. 24(b) of IT act, as and when you get the possession (i.e. in 5 equal installments)
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