rental income (home insurance ) exemption
This query is : Resolved
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
20 November 2008
Home insurance is not deductable expenditure.
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
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Relief u/s Section 89
- GST ON DAMAGED GOODS
- Suggestions required for income tax filing-software (FY 2025-26)
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- Loan by Partnership Firm
- Taxation on LTCG for property sold after 24JUL2024
- TAN for Partnership
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
