Loan rebate
Querist : Anonymous
i m a govt. salaried person. I have two home loan on two home. i already take rebate of interest & principal amount on my first house. but i take possession of my second house on dtd. 15-jul-2013. i want to take rebate of interest & principal amount of my second house loan in my ITR for the A.Y 2013-14. so please suggest me can i take this benefit or not.
But for second house it should be treated as deemed let out at notional value
Notional value would be rented value of same house in same locality, in that case you can take deduction for Second house also
Querist : Anonymous
Yes you can take maximum benefit equal to the amt of Interest paid during the year
Click here to login now
Similar Resolved Queries
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- TDS on property - Form 141 query
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Loss of interest in PF transfer from EPFO to Trust
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
