It rebate on interest on housing loan
This query is : Resolved
D S MURTHY
(Querist)
21 June 2013
Dear Sir,
I will be much obliged to know if an employee extends / renovated the House by constructing additional floor by availing Housing loan, the permission exemption limit towards interest is Rs.150000 or Rs.30000 under. Since the loan sanctioned by LIC HFL has issued a certificate menntioning improvement / renovation.
Thanks,
D S Murthy
Section Officer
Indian Institute of Chemical Technology
Hyderabad 500007
I will be much obliged to know if an employee extends / renovated the House by constructing additional floor by availing Housing loan, the permission exemption limit towards interest is Rs.150000 or Rs.30000 under. Since the loan sanctioned by LIC HFL has issued a certificate menntioning improvement / renovation.
Thanks,
D S Murthy
Section Officer
Indian Institute of Chemical Technology
Hyderabad 500007
CMA Ramesh Krishnan
(Expert)
21 June 2013
Interest on repair/renovation allowed u/s.24b maximum Rs.30000
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
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Employee secondment
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Ito add credit side of bank
- GSTR9 Annual Return
- Reward for festival
- Import of Capital Machine
- Capital gain on commercial property and investment in residential property
- RCM and same line
- Closer of business and itc of capital goods
- Upload Level ValidationITR3Category of Defect B/D
- 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.
- MSME Payment Sec.43B (h)
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
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
