DEDUCTION OF INTEREST ON LOAN

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..... DEDUCTION OF INTEREST ON LOAN
Query (Issue) Started By: - S.C. WADHWA Dated:- 4-9-2014 Last Reply Date:- 31-12-2015 Income Tax
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Income Tax
Mr. A gave ₹ 5 lacs to a builde .....

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..... r 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. Thus, total cost of flat purchased by .....

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..... 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 paid interest to Financ Co. During the .....

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..... 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. Query is How much deduction will be availa .....

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..... ble on account of interest and in which manner. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Whether you have got clarified in the above issue? If not please inform.
Discussion Forum - Knowledge .....

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..... Sharing .....

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