WHETHER INTEREST SUBSIDY RECEIVED BY HOME BUYERS UNDER PRADHAN MANTRI AAWAS YOJNA - CREDIT LINKED SUBSIDY SCHEME, IS TAX FREE UNDER THE HANDS OF HOME BUYERS OR TAXABLE ???
WHAT TRETMENT CAN BE GIVEN UNDER BOOKS OF ACCOUNT OF BUYER.
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Taxation of pmay clss subsidy under income tax act
Replies (3)
By way of subsidy under CLSS, interest liability over home loan gets reduced, which is exempt u/s. 24b. Thus not taxable.
Thank You Very Much Sir
WHAT IS EFFECT IN INCOME TAX RETURN
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