Interest paid on housing loan repayment
This query is : Resolved
18 July 2013
i have purchase a flat in Previous Year 2012-13.I had purchased flat jointly in my name and in my wife name in 50-50 Ratio.In that year i had paid Rs.One Lakh Interest to bank.All interest and principal amount of laon paid by me.
Plz guide me,can i claim full interest deduction u/s 24.This is my first flat.I have no any other house.
Plz guide me,can i claim full interest deduction u/s 24.This is my first flat.I have no any other house.
18 July 2013
is the flat ready to occupy?can be claimed in the ratio of 50:50. was the flat purchased from ur earning or both?
18 July 2013
flat used or occupied by me in previous year.Wife no claim deduction.flat purchase from my earning exclusive only.
18 July 2013
it has to be shown in your return,as purchased through your earnings.
18 July 2013
one more thing i told you that Bank loan 1s the name of me and my wife.Loan account Name in bank statement is Mr.PRVAESH SHARMA & SMT.SARUCHI DATTA
18 July 2013
it is okay , u can claim deduction fully.as rent from house property under ur name.
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
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR selection for salaries and capital gain less than L
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Treatment of Pension ?annuity returns on PMVY
- Scrutiny assessments u/s 143(2) for AY 25-26
- One Post a Week Done Right Beats Seven Done Wrong
- TDS on payment to CHA as per new section
- Sale of Forign Shares
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
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
