Urgent Pls

Hiii

One of my friend got housing loan from bank. And my understanding is principal amount can get deduction from 80c & interest can claim from Sec.24(income from house property):- My doubt is

   (i)In Form No:-16a where should i show interest on housing loan as deduction.( if interest on housing loan shown as deduction in form no:-16a he will come under below tax slab)

                                      So please clarify ths as soon as possible.

Replies (1)

As per me Praveen you are not his tax computer your job is only to issue TDS certificate.

So you do your part of work and later on when your friend will be filing return he can clainm the niterest on housing loan as an expense and claim the TDS earlier deducted as refund from the IT authorities.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details