DEDUCTION OF INTEREST ON LOAN

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..... Mr. A gave ₹ 5 lacs to a builder for purchase of flat in delhi and took a loan of ₹ 10 lacs. Finance Co. gave ₹ 10 lacs directly to builder for purchase of flat on behalf of Mr. A. T .....

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..... hus, total cost of flat purchased by Mr. A is ₹ 10 lacs. The flat contruction was completed after three years i.e. three years after giving ₹ 15 lacs. During these three years, builder .....

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..... paid interest to Financ Co. During the financial year 2012-13, Mr. A obtained possession of flat and paid interest of ₹ 300000/-. Mr. A had now two flats one in delhi and 2nd in haryana. .....

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..... Query is How much deduction will be available on account of interest and in which manner. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Whether you have got clarified in the above issue? If .....

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..... not please inform. - DEDUCTION OF INTEREST ON LOAN - Query Started By: - S.C. WADHWA Dated:- 4-9-2014 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an .....

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..... expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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