Hpcompleted after 3 years from the date of capital borrowed
This query is : Resolved
02 August 2011
1. I took a House Building loan of Rs. 15 lakh in Jul 2007 from SBI for a House Property whose cost was Rs. 20 lakh.
2. So I took a subsequent loan of Rs. 5 lakh for the same House Property in Aug 2009.
3. I got the possession of the property in Jul 2011.
My query is that :-
what will be my Capital Borrowed date
Jul 2007 or Aug 2009 ?
Can I claim Loss from House Property upto Rs. 1.5 lakh or Rs. 30000 only ?
Kindly advise & reply its urgent for filing my ITR.
Thanking in anticipation..
2. So I took a subsequent loan of Rs. 5 lakh for the same House Property in Aug 2009.
3. I got the possession of the property in Jul 2011.
My query is that :-
what will be my Capital Borrowed date
Jul 2007 or Aug 2009 ?
Can I claim Loss from House Property upto Rs. 1.5 lakh or Rs. 30000 only ?
Kindly advise & reply its urgent for filing my ITR.
Thanking in anticipation..
04 August 2011
Hi,
Loan borrowed date will be Jul 2007 and you can claim deduction upto Rs.1.5L if it is self occupied property.
Loan borrowed date will be Jul 2007 and you can claim deduction upto Rs.1.5L if it is self occupied property.
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
- About TDS & Income Tax
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Scrutiny and reopening of past returns
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Not able to file ITR
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Rental income of jointly held property
- Regarding ITR filing with more value than showing in AIS/TIS
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
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
