Taxation on under construction flat
This query is : Resolved
27 August 2015
I have one flat where I stay and one which is under construction. I availed Rs 2 Lacs deduction from Loss of house property while calculating TDS from my company. However, the Interest component of the flat where I stay became less than Rs 2 Lacs. It is much more than Rs 2 Lacs including the under-construction flat. However, I did not know that I will not get the benefit for the under construction flat. While submitting return, my CA found that out and I have paid the extra amount of tax payable by me before filing my return.
Is there any possible issue to me or my company for this?
Is there any possible issue to me or my company for this?
27 August 2015
Pay the tax and file the return as advised by your CA not a problem for you and your company.
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