Income tax on payment received under real estate 80:20 schem

Dear Experts,

I have bought a property under construction in 80:20 scheme (subvention ?). I have paid the builder 100% of the cost upfront, The builder credits interest (at home loan rate) for 80% of the cost into my SB account every month.

1. Is this amount received from the builder taxable? (As per my understanding, it is taxable under "Income from other sources" category). If the builder provides me with a letter that the amount credited is part of discount provided on the actual price, is it still taxable?

2. Where in ITR2 Schedule OS do I show this income? 

Thanks,

-SK

Replies (1)

Pardon me but isn't the scheme illegal. The builder is basically paying up home loan interest where he should have been paying commercial loan interest. Why should the builder have anything to do one's home loan ?

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details