income from house property

This query is : Resolved

Share Report Follow Query Ask a Query

Nagaraj SV

Nagaraj SV (Querist)
Follow

07 April 2008 will it be heplful for the assessee to claim interest on house property without actually paying it ?

Late CA Sampat Jain

Late CA Sampat Jain (Expert)
Follow

07 April 2008 Interest accrued on amount borrowed and invested in house property is to be considered for deduction . Payment may be at a later date.

R.V.RAO

R.V.RAO (Expert)
Follow

07 April 2008 WHY NOT? IT IS ALLOWED.
LOSS ON HOUSE PROPERTY ARRIVED AFTER DEDUCTING INT. ON HOME LOAN( AND OTHER APPLICABLE DEDUCTIONS) FROM ALL LENDERS ( BANKS/OTHERS), WILL HELP REDUCE ONE'S TAXABLE INCOME AND TAX LIABILITY.
R.V.RAO

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

jayaraman

kopparapu bheemarao

Gurunathan kannan

nilesh

RATI MALU

Subscribe Now

income from house property

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

Audit assistant

CA Article /Trainee

Audit executive

Article Assistants

Account Executive

Audit Assitant

SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES