INTEREST OR PRINCIPAL UNDER 80 C?
This query is : Resolved
21 July 2010
MR.S PURCHASES A FLAT FOR RS.5 LACS WHICH IS A LOAN FROM SBI
A. INTEREST
OR
B. PRINCIPAL + INTEREST
WHAT IS DED. UNDER SECTION ?
A. INTEREST
OR
B. PRINCIPAL + INTEREST
WHAT IS DED. UNDER SECTION ?
CA. Aryendra
(Expert)
21 July 2010
1. Repayment of Loan u/s 80C
2. Interest on Loan u/s 24 under income form house property
2. Interest on Loan u/s 24 under income form house property
CA Sanat Pyne
(Expert)
21 July 2010
repayment of Principle amount will be allowed as deduction u/s 80c and interest amount will be allowed u/s 24
22 July 2010
THANKS VERY MUCH SIR,
I WANT TO KNOW WHOM CAN CLAIM DEDUCTION UNDER THIS >
A. ON WHOM LOAN IS SANCTIONED
OR
B. WHO USE SUCH FUND ?
I WANT TO KNOW WHOM CAN CLAIM DEDUCTION UNDER THIS >
A. ON WHOM LOAN IS SANCTIONED
OR
B. WHO USE SUCH FUND ?
Sunil Kr. Sanganeria
(Expert)
22 July 2010
The Fund should be used by the person who has bought the property amd for which loan has been sanctioned. If The loan is not used for the property bought, the decution will not be available to any one - neither the person who borrowed nor the person who used.
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
- Gst credit note by supplier
- Missed uploading GST Invoice
- Due date for filing return for the partner in partnership subjected to Tax Audit
- GST on reimbursement of expenses
- Query on effect of registration of property
- Equity Share Sale and Purchase
- Whether output tax is taken credit by purchaser
- Wrong CMPo8 file
- Additional trade name
- Visiting card purchase
- Classification of income of P Ltd company as business or profession
- 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
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
