House Property

Sir/Madam, interest is allowable as deduction under the head income from house property. interest should be calculated on borrowed capital i.e 50 lakhs.

If the property is self occupied, interest will be capped at interest or 2 lakhs whichever is lower

if the property is let out, whole of interest per annum is allowed as deduction. there's no limit in this case

plz refer provisions in f.y.16-17

and also new provisions of f.y. 17-18 amended

Sir, There's no amendment in the finance act 2017. Only change is loss from the head Income from House Property is restricted to 2lakhs w.e.f. AY 2018-19

TRANSPORT CONTRACT PAYMET LIMIT PER DAY HOW MUCH BY CASH

Rs. 35000.....