rental income (home insurance ) exemption
This query is : Resolved
k suresh babu
(Querist)
20 November 2008
sir,
Home insurance is available any exemptions in income tax act.
Home insurance valuations for insurance premium for corporation value means (mentioned in property tax assessment )
or any other value
for example property tax paid for value of house is rs.500000/- but market rate is 1500000/- . the house insurance is taken which amount 500000 or 1500000
which claims i am elibible for home insurance for loss of home
Home insurance is available any exemptions in income tax act.
Home insurance valuations for insurance premium for corporation value means (mentioned in property tax assessment )
or any other value
for example property tax paid for value of house is rs.500000/- but market rate is 1500000/- . the house insurance is taken which amount 500000 or 1500000
which claims i am elibible for home insurance for loss of home
Ajith Kumar
(Expert)
20 November 2008
Home insurance is not deductable expenditure.
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