TDS

This query is : Resolved

praful (Querist)
Follow

22 March 2010 Can I clain tax rebate on under cosntrcution house. (possession letter will received only after completion of construction. ).

Aditya Maheshwari

Aditya Maheshwari (Expert)
Follow

22 March 2010 If you have taken housing loan against the house then the interest paid before the year in which construction is completed is allowable in 5 equal instalments from the year of completion for 5 years

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

22 March 2010 There is no rebate. Only deduction under section 24(b) and 80C of the Income tax Act,1961. As far as interest portion(24 b) is concerned Aditya Sir had given an answer for which I too agree. Regarding the principal repayment(80C) deduction will not be allowed since house is under construction/possession yet to received.

CA Ashok Kumar Sahu

CA Ashok Kumar Sahu (Expert)
Follow

22 March 2010 agreed

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Srikanthan S

Jayanti Visani

Vishal Dave

Ahamed Kabeer

svgovindaraju

Subscribe Now

TDS

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA