Menu
Section 24 - interest on capital borrowed on house property
Int on hsg loan has to b claimed on accrual basis n not on pmnt basis...for ay 14 15 if return filed u cn revise....
Renovation case. As no new construction or acquisition is involved allowable deduction is only 30000. If Map is newly approved then only to be treated a case of construction.
Thanks for all your help.
From what I can infer from the replies yes I can claim this as a deduction and plus since its let out it will be for the entire amount paid as interest 🙏
Recent Topics :
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
Related Topics :
CAclubindia
