I am a govt employee. I have got possession of a flat in kolkata in Feb 2011 for which i am paying EMI wef sep 2008. The house is currently not not occupied and lying idle.How can i claim tax refund on the interest amont paid on EMI during the above said period and also how can i get tax rebate on house loan availed hereon.
Menu
Tax refund
Replies (4)
are you going to let it out or self occupy it?.
Mr. Biswas....
Can u tell me that ur this NOP(Non Occupy Property) is situated at which city where u r doing ur job now...?????
Hi Friends ,
I am in the defence services and presently posted at bangalore. My house is located at kolkata. I do not have any intention to let it out. kindly advice.
Thanks!
D Biswas.
kkk then Mr. Biswas u can take Deduction of House Loan Interest u/s 24(b) of Income Tax Act,1961.....nd according provision of Sec.23(2) u can show ur this house as Not Occupied Property nd u r servicing out side of that city coz of ur Employment so u can take such deduction & get rebate.
And u can also get Deduction of House Loan Repayment u/s 80C.
Recent Topic
- AIS UTILITY
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
Related Topics
CAclubindia
