income from house property
This query is : Resolved
04 December 2009
tax exemption relating to amount Rs. 30000 and Rs. 150000 as interest on borrowed loan.
04 December 2009
Max. upto 1,50,000/-
04 December 2009
If the loan is taken for construction of house property prior to 1-4-1999 and the house is self occupied than deduction u/s24 towards interest is restricted to Rs.30000/- and if the loan is taken after 1-4-1999 than the maximum ceiling of deduction u/s 24 for interest payment is Rs.150000/- if the house is self occupied.
If the loan is borrowed for reconst-ruction, repairs or renewals of house property than maximum deduction on account of interest is Rs.30000/- and not Rs.150000/-.
If the loan is borrowed for reconst-ruction, repairs or renewals of house property than maximum deduction on account of interest is Rs.30000/- and not Rs.150000/-.
04 December 2009
yes, maximum Rs.150000
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales return eway bill
- Treatment of Pension ?annuity returns on PMVY
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Free lancer income
- STCG FOR GOLD ETFs
- Loan by Partnership Firm
- TDS related Query_Liquidated Damages
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- 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
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
