Income from house porperty
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 March 2018
An assesse received the letter depicting Temporary Permission to carry out furniture work
in flat purchased subject to inter alia terms & conditions as below:
That flat is ready for occupation but we (builder from whom flat purchased) is yet to receive
occupation certificate From Municipal Corporation.
Please advise whether upon receipt of such letter, the deduction towards interest paid on
loan for purchase of this property can be claimed in determining the income from
house property
in flat purchased subject to inter alia terms & conditions as below:
That flat is ready for occupation but we (builder from whom flat purchased) is yet to receive
occupation certificate From Municipal Corporation.
Please advise whether upon receipt of such letter, the deduction towards interest paid on
loan for purchase of this property can be claimed in determining the income from
house property
26 March 2018
Vexed issue. Seems temporary permission can't be equated to acquisition of
property which is a condition to claim interest on loan.
property which is a condition to claim interest on loan.
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
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Sale of Equity shares for Purchase of Residential Property
- ECO SUPPLY REPORTIONG IN GSTR-1
- Internship/Academic shown in Salary Pay Slip of a Doctor
- Refund of 20%pre-deposit paid for stay application
- Payment to foreign customer
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
