Section 24
chetan mehadele (30 Points)
13 December 2017
May I take deductions of plot purchase loan in this section.. ??????
5 Replies
Sunil Ahmad
(Student)
(1511 Points)
Replied 13 December 2017
Deduction u/s 24 (b)-
Interest on borrowed money for the construction of house property .
Interest on borrowed money for the construction of house property .
Divakar agarwal
(Student)
(247 Points)
Replied 14 December 2017
no you cant claim the interest paid on purchase of land under house property however your can consider it as the cost of plot of land, supporting cand be derived from the following judgement: Challapalli Sugar Ltd vs The Commissioner Of Income Tax, ... on 31 October, 1974
Recent Topics
- Https://www.facebook.com/maxxryzemaleenhancement/
- Income Tax Return Filing FY 2024-25
- FNO income
- HSN/SAC for GTA services and GST Rate
- Capital gain on receiving office by res. Home
- CA Inter costing best faculty- Parag Gupta or Ashi
- Nps tier-2 taxation
- Query about rule 42
- ITC on Credit note updated late in GSTR3B
- TDS Remove Deductee from Challan
Related Threads
CAclubindia
