INTEREST ON HOUSE BUILDING LOAN
Querist : Anonymous
Will i be able to get the deduction of full interest of 1.8 Lacs
Querist : Anonymous
Pls rectify me if I am not correct.
In case of Letout Property there is no maximum limit for allowing deduction in case of Interest hence the the total interest spend by you is Allowable as deduction u/s 24.
In case of self Occupied Property the maximum limit is Rs.150000/- hence if you spend Rs.160000/- towards interst than Rs.150000/- is allowable as deduction.In case if you spend Rs.90000/- then Rs.90000/- is allowable as dedution.
Click here to login now
Similar Resolved Queries
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Missed uploading GST Invoice
- Movement of goods by packers and movers - type of sale - Reg.
- Appointment of Auditor By Form ADT-1
- ARCA LOGIN
- Closer of business and itc of capital goods
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
