INTEREST PAID ON SELF OCCUPIED HOUSING PROPERTY
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 March 2011
THE PERSON HAS SOLD SELF OCCUPIED PROPERTY WITHIN FIVE YEARS HENCE INTEREST CLAIMED IN TOTAL INCOME IN PAST WILL BE ADDED BACK TO TO CURRENT INCOME OR OLD RETURN WILL BE REVISED
P N SABADRA
P N SABADRA
CA PARAS BAFNA
(Expert)
07 March 2011
Interest claimed will not be recomputed. Interest will not be disallowed.
Deductions claimed in earlier years U/s 80C will, only, be treated as income in the year of sale.
No need to revise or recompute the income.
Deductions claimed in earlier years U/s 80C will, only, be treated as income in the year of sale.
No need to revise or recompute the income.
CA. Lohith Jagadeesh
(Expert)
11 March 2011
Hi,
Agreed with Expert
Regards
CA.Lohith.J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITF Hons
Agreed with Expert
Regards
CA.Lohith.J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITF Hons
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