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.
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.
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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