Is TDS is applicable on the intrest amount on Home Loan from GE Moany Finance.
Menu
TDS on Interst on Home LOan
Replies (4)
You have availed home loan from GE and you are eligible to claim Rs 1,50,000/= as deduction U/s24 if the property is self occupied
No it is not required to deduct TDS.
section 40(a) is not relevant for calculating income from House property.
TDS disallowance comes only if you are trying to claim any deduction in the computation of income from business or profession, not any other head of income
no not required to tds on interest on loan
no tds is not deductible for interest payment to financial institutions.
Recent Threads
- GSTR 2B ( MULTIPLE MONTHS )
- Eway bill generation for export material.
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
Related Threads
CAclubindia
