Income from house property
This query is : Resolved
20 March 2016
Consider following example -
a. Property type : Self Occupied.
b. CY interest on loan (for acquisition, fulfilling other conditions) : Rs. 190,000
c. 1/5 of Pre construction interest : 25000
What is the deduction admissible u/s 24(ii) ?
a. Property type : Self Occupied.
b. CY interest on loan (for acquisition, fulfilling other conditions) : Rs. 190,000
c. 1/5 of Pre construction interest : 25000
What is the deduction admissible u/s 24(ii) ?
20 March 2016
Claim is restricted to Rs.2,00,000 by 2nd proviso to section 24(b) read along with the explanation given thereon.
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