Hello Everybody!
I have a query about deductions allowable from your gross income in computing the taxable income for FY2007-08.
I had been allotted a piece of land from the Government Housing Board for which I had to pay Rs.3000/- per month from June'2007. Can I claim it as an allowable deduction from Gross Salary?
When Housing Loan repayments are fully exempt? and from which sources?
Kinldly reply
CAclubindia
