HOUSE LOAN REBATE MAY BE RETURNED
This query is : Resolved
19 January 2008
I want to know that if i taken a home loan deduction ( for intt. and repayment)
after some time i sold my house
then what is the consequency.
plz tell me in detail
after some time i sold my house
then what is the consequency.
plz tell me in detail
20 January 2008
When did you purchase and when did you sell?
21 January 2008
TILL 3 YEARS AFTER YOU BUY A PROPERTY AND START CLAIMING DEDUCTIONS UNDER INCOME FROM HOUSE PROPERTY HEAD, YOU SHOULD NOT SELL THE PROPERTY.
OTHERWISE ,THE TOTAL DEDUCTIONS CLAIMED BY YOU UNDER THE HEAD WILL BE ADDED BACK AS YOUR INCOME AND TAXED IN THE YEAR OF SALE.
R.V.RAO
OTHERWISE ,THE TOTAL DEDUCTIONS CLAIMED BY YOU UNDER THE HEAD WILL BE ADDED BACK AS YOUR INCOME AND TAXED IN THE YEAR OF SALE.
R.V.RAO
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
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Gift Received from nonblood relative
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Putting a heading on received mail
- Reprocessing of rectification order AY 2025-26
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Consolidated financials
- 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
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
