house property
This query is : Resolved
11 February 2010
I have been alloted a flat in a society scheme & Paid some installment to builder for construction of house. The installments paid is from my own savings and not from borrowed capital. the house is still under const. i.e. construction is yet to be completed. my query
will the amount paid by me till date which is out my own savings is eligible for deduction under income tax and in which section .
pls. specify
will the amount paid by me till date which is out my own savings is eligible for deduction under income tax and in which section .
pls. specify
11 February 2010
If u are a member/shareholder of the co-operative society, the amount paid can be considered for deduction under section 80C(2)(xviii).
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