Housing loan intrest subsidy

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meghanidhaval (Querist)
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26 April 2018 Dear Sir,
Proprietor has received subsidy towards housing loan what will be the effect in income tax as well as Accounting Treatment.?

RAJA P M (Expert)
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26 April 2018 You can show the Subsidy under EXEMPTED INCOME...

Dhirajlal Rambhia (Expert)
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29 September 2021 When there is deduction availed over the interest amount, the subsidy is to be reduced to the interest paid.

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