Interest on housing loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 March 2013
can I get a deduction for interest payed overseas on a house I purchased abroad.
15 March 2013
The Madras High Court in CIT v.
Venugopala Reddiar [1965] 58 ITR 439 observed that while computing taxable income,
no distinction should be made between a house property situated in India and a house
property situated abroad.
In veiw of above you would get all benefits u/s 24.
Venugopala Reddiar [1965] 58 ITR 439 observed that while computing taxable income,
no distinction should be made between a house property situated in India and a house
property situated abroad.
In veiw of above you would get all benefits u/s 24.
15 March 2013
Agree with Mr Suraj.
Income tax allow deduction for municipal tax paid to any authority outside India. It means there is no restriction for HL deduction for a property situated outside India.
Income tax allow deduction for municipal tax paid to any authority outside India. It means there is no restriction for HL deduction for a property situated outside India.
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