Interest on home loan
This query is : Resolved
Querist : Anonymous
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.
Route the installment paid on housing loan through capital a/c as drawing.
Querist : Anonymous
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Regarding Appointment of auditor in case of casual vacancy
- RCM on GTA Services
- GST- DRC 03 RCM Liability
- GST 9- Table 8
- Conversion of Proprietorship Firm to Partnership Firm
- Query on managerial remuneration u/s 197 of CA 2013
- Validity of form 15 G and 15 H on Interest on fixed deposit
- REVENUE RECOGNITION AS PER IND AS 115
- Supply to unit situated in SEZ
- Temporary GST registration
- Acting as an Agent
- Rent Agreement of new company
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Revision under Section 264 in The Income Tax Act, 1961
- TDS under section 195.
Trending Online Classes
CAclubindia
