Interest on house property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 August 2013
If the property is self occupied and all the conditions are satisfied then the maximum deduction of interest will be 1,50,000.Right?
does 1,50,000 max include the accumulated interest deduction also which is accumulated before house was purchased or constructed?
Or 150,000 is just the max for interest due or paid after construction/purchase and accumulated will be added to 1,50,000?
does 1,50,000 max include the accumulated interest deduction also which is accumulated before house was purchased or constructed?
Or 150,000 is just the max for interest due or paid after construction/purchase and accumulated will be added to 1,50,000?
04 August 2013
It is overall limit. including preconstruction period interest and current interest limit will be Rs.1.50lakhs
07 August 2013
for sop max considering various int limit is rs 1,50,000.
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
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Gift Received from nonblood relative
- Section 50-fixed asset-->building ceases to exist
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Reprocessing of rectification order AY 2025-26
- Putting a heading on received mail
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Consolidated financials
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
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
