80C- hsg loan
This query is : Resolved
24 January 2011
I have a housing loan for under constructed house
i will be getting the possession in feb 2011
can i claim Excemption for Principal amount paid for full year in 10-11 u/s-80c
Can i claim interest paid in 2010-11 u/s 24
can i claim interest paid in 2009-10 u/s 24
can i claim stamp duty and registration charges paid in 2009-10
kindly advice
i will be getting the possession in feb 2011
can i claim Excemption for Principal amount paid for full year in 10-11 u/s-80c
Can i claim interest paid in 2010-11 u/s 24
can i claim interest paid in 2009-10 u/s 24
can i claim stamp duty and registration charges paid in 2009-10
kindly advice
24 January 2011
You can get full year principle amount deduction u/s 80C.
Interest after the possession is allowed in 10-11, interest before possession is allowed in 5 equal part in 5 years. So you will get 1/5 of interest paid before assessment.
Interest after the possession is allowed in 10-11, interest before possession is allowed in 5 equal part in 5 years. So you will get 1/5 of interest paid before assessment.
24 January 2011
1. You can get the full exemption u/s. 80C
2. You can get full exemption of interest paid u/s. 24 for the year 2010-11.
3. You can get 1/5th deduction of interest paid for the year 2009-10 .
4. you can get the deduction of stamp duty paid & registration charges in the return of F.Y. 2009-10.
2. You can get full exemption of interest paid u/s. 24 for the year 2010-11.
3. You can get 1/5th deduction of interest paid for the year 2009-10 .
4. you can get the deduction of stamp duty paid & registration charges in the return of F.Y. 2009-10.
25 January 2011
Dear Mr.Ratan,
i paid the registration and stamp duty in 2009-10 but i am getting the possession in feb 2011
can i claim both also
i paid rent for april 10 ti jan11
can i claim hra exemption
i paid the registration and stamp duty in 2009-10 but i am getting the possession in feb 2011
can i claim both also
i paid rent for april 10 ti jan11
can i claim hra exemption
25 January 2011
You can get the deduction of registration fees & stamp duty in 2009-10 only it has nothing to do in which you got the possession.
You can certainly get the deduction of HRA from april 10 to jan 11.
You can certainly get the deduction of HRA from april 10 to jan 11.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- Can we choose not to report losses in ITR3 if they cannot be carried forward?
- TDS AND ITR ISSUE
- GST Rate for Catering Services
- Taxability of Partnership firm for FY 2025-26
- RATE AND HSN CODE
- Carriage Road Act, 2007 read with Carriage by Road Rules, 2011
- Cash balance limit and property purchases limit
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
