Income tax
Querist : Anonymous
This is kiran kumar(ICMA),I have purchased a Flat in the month of June-2013 cost of Rs 3727500/- and registration charges is Rs 60000/- .I have took loan from LICHFL amount of Rs 2982000/- with interest rate of 10% on my wife and my name.In this case my wife is a first applicant and my self is co-applicant.we are going to avail the interest on self occupied house property as per income tax Act.Kindly let me know the how much amount can avail my wife and my self.We are paying Rs 25000/- as a monthly interst.
Thanking you
G kiran kumar
if the house is joint name, you and your wife can claim Rs 150000 each.
please check for 80EE deduction also.
Querist : Anonymous
Click here to login now
Similar Resolved Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- GST Registration Horse racing
- Small dealers gst returns filing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
