Interest on home loan

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
20 June 2013 CAN YOU TELL ME WHETHER INTEREST DUE OR PAID ON HOME LOAN IS ALLOWED AS DEDUCTION U/S 24 IN IT ACT? HOW TO REPRESENT IT IN CAPITAL A/C OF ASSESSEE?

20 June 2013 Interest on Housing Loan is allowed as deduction u/s 24. However limit of interest depends upon whether the house is SOP or LOP.

Route the installment paid on housing loan through capital a/c as drawing.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
20 June 2013 whether interest due or actually paid allowed?

20 June 2013 It is interest payable whether is actually paid or not


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



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details