Income tax interest subsidy
This query is : Resolved
03 May 2013
Presently i am liveing in 1 bhk with no any home loan of any financial institute.
in last dec 12, i purchase flat for 32 lakhs. Now i want to shift in newly purchased flat and rent out present one from 1 may 2013.
This year i will pay 268000 as a interest part,
so, i how i can get tax benifit for above amount.
in last dec 12, i purchase flat for 32 lakhs. Now i want to shift in newly purchased flat and rent out present one from 1 may 2013.
This year i will pay 268000 as a interest part,
so, i how i can get tax benifit for above amount.
03 May 2013
According to section 24 of income tax in house property you will get deduction up to 150000 ., unless u have to follow the other income tax act conditions .
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
- CAPITAL GAIN REDEVELOPED FLAT
- Requirement under FEMA &RBI
- CLOSING STOCK QUERY
- GST ISD Query on various AMCs
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- Short Term Gain Reporting ITR
- F&O reporting in ITR
- Itr processing refund
- Gst reverse charge mechanism to be claimed in the month of payment
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
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
