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Income tax dedcution benefit

439 views 1 replies

Hello,

I bought an under construction flat from a bulider, took a home loan of 220000 in 2011. I kept it for around 1.5 years and paid 2 laks of pre EMI as interest. I sold it and the time I sold it was still under construction. I know the income tax benefit can be availed on the interest paid in equal amount for 5 years, but only if the possession is provided by the builder.

Need help on how to avail the tax benifit in this situation.

Thanks,

Yash

Replies (1)

Sir

We are from hyderabad ,Me & My friends start a spices business in partnership ,we are totally unknwon about legal formalities .we are not a registred delear.Our firm is rregistred and we have food licence  ,But my quistion is...

1.What type of tax to be paid in firm.

2.Can i purchase from a registred delear.

3.Any additional formalities to be done 

 

Plz guide

Waiting for the views of the experts.

 

 


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