House property interest
Querist : Anonymous
The property was let out & rental income offered for tax and interest on H/loan claimed and net result from the Income from the H/p was Loss. This case selected for scrutiny. The Assessing officer has allowed the interest on H/loan proportionately to the sum the flat registered for and balance he has disallowed stating the reason cost of the flat has been considered to the registered value and not invested amount by borrowings made. Is the A.O right in doing so. Any case laws available to fight this case in the appeal.
you need to screw up builder who is trying to deceit you. may be you can file a case agains him in Competition act 2002 for voilation of setion 4 (absue of dominat posiition).
Querist : Anonymous
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