Deduction
This query is : Resolved
23 July 2012
A salaried person had taken loan on his FD.
He used this loan for construction of house.
Whether the person is eligible for the deduction of the interest on loan???
The person has let out this house..
He used this loan for construction of house.
Whether the person is eligible for the deduction of the interest on loan???
The person has let out this house..
23 July 2012
Yes,
Deduction of Interest on Loan taken will be eligible u/s 24b of Income tax act. There is no limit to claim it in case of let out property.
Is it personal loan? or Loan for House property??
Deduction of Interest on Loan taken will be eligible u/s 24b of Income tax act. There is no limit to claim it in case of let out property.
Is it personal loan? or Loan for House property??
23 July 2012
Reply me for both options..
And is there any decided case for the issue..
if yes,then please specify..
And is there any decided case for the issue..
if yes,then please specify..
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
- Is any professional CA is here please reply
- Reopen of assessment proceeding
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Putting a heading on received mail
- Gift Received from nonblood relative
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Experts need help
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Rental income gst and it purpose
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
