Deduction u/s 24
This query is : Resolved
04 March 2015
Sir, can we claim interest On Housing loan of LOP as well As SOP?? as a deduction u/s 24??
04 March 2015
Yes you can claim interest on housing loan of let out property u/s 24 to the extent of actual interest payment.
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04 March 2015
for sop the limit from ay 15-16 onwards has been increased to 2,00,000
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05 March 2015
sir can i claim Interest paid on both the properties(let out & self occupied ) for the same individual and for the same assessment year?
sir can i claim Interest paid on both the properties(let out & self occupied ) for the same individual and for the same assessment year?
05 March 2015
the ans is yes for both but there is limit for sop as stated for lop no limit
05 March 2015
But we have received demand as ITO disallowed Interest paid on SOP... What should I suppose to do
05 March 2015
how he can disallow when sec 24b is allowing u?
what has actually ao written as reason for disalloance in assessment order passed?
what has actually ao written as reason for disalloance in assessment order passed?
05 March 2015
We have received it under 143 1... after goin through the assessment by CPC I come to knw dat... Interest paid on SOP has been disallowed..
Int paid on Sop 51000
Int Paid on LOp 212000
out of which 51000 has been disallowed
Int paid on Sop 51000
Int Paid on LOp 212000
out of which 51000 has been disallowed
05 March 2015
pls mention the reason for disallowance for same?
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