tds on salary income
This query is : Resolved
20 July 2009
one of my employee have two houses in hyderabad and takes loan on both.so he claims interest on both the houses which is more than 150000/-.so can we take interest on house property in form 16 above 150000/-.
20 July 2009
2 houses means, only one will be considered self occupied & will be allowed (-)150000 IHP, but for the other house, it will be deemed to be let out & IHP computed accordingly,
20 July 2009
In that case, only one house should be considered as self occupied. The other one shall be treated as deemed to be let out property. Interest deduction of Rs. 1.5 Lac shall also be considered only in respect of the house which was treated as self occupied.
21 July 2009
hi,
Actually my problem is, in form 16 loss from house property is taken more than 150000/- or not.please specify if there is any case laws.
Actually my problem is, in form 16 loss from house property is taken more than 150000/- or not.please specify if there is any case laws.
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
- Itr 1 processing
- Reporting Income under Section 44ADA
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR selection for salaries and capital gain less than L
- ITR returnFY25-26
- ITR validation error - Balance sheet is not filled
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- 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
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
