Personal loan taken to buy residential property
This query is : Resolved
12 July 2021
Hi sir,
Assessee has has taken personal loan (at 11% ) to buy residential property ( empty site) house construction not started yet from ICICI bank.
whether deduction allowed any in the following sections?
1. 24(b)
2. 80C
Thank You in advance
Assessee has has taken personal loan (at 11% ) to buy residential property ( empty site) house construction not started yet from ICICI bank.
whether deduction allowed any in the following sections?
1. 24(b)
2. 80C
Thank You in advance
12 July 2021
As I understand, these deductions can be availed only after the construction of house is completed.
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
- Selecting Tax Regime while for calculating tax relief on under Section89 of income tax act 1961.
- Cloud service
- Relief Calculation u/s 89 of ITax 1961 in TableA Form10E
- Applicability of RCM on Frieght Inward supplies received from un-registered person
- GST on Fresh Juice Center(Sugarcane)
- Sale of Gold ornaments
- GST ON FOREIGN CLIENT
- Can we issue an invoice today
- SALE OF GOODS FROM OTHER STATE
- Ca final exam registration may-26
- Expenses add back in profit
- Forgot to update debit note in gst
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
