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deduction of house property

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8 Points Posted on 14 November 2018
is reconstruction of house covered under the deduction intrest of loan u/s24 of house property
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On 14 November 2018 at 07:31 Report
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B.Com
39 Points Posted on 14 November 2018
if self occupied than 200000₹ if let out than No limit of interest Amount
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On 14 November 2018 at 09:41
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8 Points Posted on 14 November 2018
bt i am asking about deduction of int on loan in case of self occupied; and my query is whether deduction is given to reconstruction of house property or not
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On 14 November 2018 at 09:47
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B.Com
39 Points Posted on 14 November 2018
yes allowed up to ₹ 200000
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On 14 November 2018 at 09:50
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8 Points Posted on 14 November 2018
ok it means reconstruction is also allowed...i was thinking that only purchase nd construction is qllowed
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On 14 November 2018 at 09:52
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B.Com
39 Points Posted on 14 November 2018
interest on both purchase n reconstruction are allowed as deduction u/s 24b
n interest on pre construction loan is also allow is 5 equal installment
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On 14 November 2018 at 09:55
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4 Points Posted on 14 November 2018
for repairs and reconstruction 30000 limit.
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On 14 November 2018 at 11:29
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8 Points Posted on 14 November 2018
30000 for reconstruction ; ok thnku so much
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On 14 November 2018 at 11:35
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B.Com
39 Points Posted on 14 November 2018
30000 prior to 1/4/2001
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On 14 November 2018 at 11:36
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4 Points Posted on 14 November 2018
when property is reconstructed or renewed with capital borrowed on or after 1.4.99
deduction will be- Maximum 30000.
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On 14 November 2018 at 11:44


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