How much refund grant without ao permision

This query is : Resolved

monika (Querist)
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05 August 2016 MY CLIENT WANT CLAIM REFUND OF RS.58749 THAT ARE DEDUCT UNDER SECTION 194IB ON RENT, SO QUSTION ARISES

1. WILL IT PASS WITHOUT AO PERMISION ?
HOW MUCH AMOUNT OF REFUND CAN BE PASS WITH OUT AO PERMISSION OT IT SHOULD BE NEED GRANT BY AO ?

2. THE RENT ARE ON COMMERCIAL PROPERTY CAN WE CLAIM 30% STANDERD DEDUCTION UNDER HEAD OF HOUSE PROPERTY ?

3. DEDUCTION OF INTEREST UNDER SECTION 24 THAT ARE ON LOAN TO BUILT THIS PROPERTY WILL BE ALLOWED OR NOT ?

4. PRINCIPAL AMOUNT OF LOAN UNDER SECTION 80C WILL ALLOW FOR BUILT COMMERCIAL HOUSE PROPERTY OR NOT ?

5 MUNICPILTY TAX DEDUCTION WILL ALLOW ON COMMERCIAL HOUSE PROPERTY OR NOT ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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06 August 2016 1 Refund will be granted by Bangalore office without routing through Jurisdictional AO.
2 Yes 30% standard deduction can be claimed.
3 Deduction of interest u/s 24 can be claimed.
4 Deduction u/s 80C will not be allowed.
5 Municipal tax deduction allowed.

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monika

monika (Querist)
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06 August 2016 sir
thanks for answer , PLEASE SOLVE THIS query please
1 can we go with income head of PGBP IN CASE OF RENT GET ON COMMERCIAL PROPERTY ?
2 IF GO WITH PGBP , EXPENSES OF ITEREST WILL ALLOW OR NOT?

3 IF GO WITH HOUSE PROPERTY INCOME , LOAN SHOULD BE SENSIONED IN HOME LOAN SCHEME OR OTHER SCHEME LIKE OD LIMIT INTERST WILL ALSO CONSIDER FOR SECTION 24 DEDUCTION ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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06 August 2016 1 Yes you can go.
2 Yes interest expense will be allowed.
3 All interest including OD allowed u/s 24.

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