Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Housing loan interest

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Hi all, Looking for some information on my tax scenario. I bought an under construction property in July 2012. The construction is almost complete and I expect to get possession in February 20 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 15(before March 31, 2015). So I believe for FY14-15, I can claim tax benefits on the bank loan interest I have been paying since 2012, even though I will start living in my flat only by May 2015(inter .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... iors etc need to be completed) I am also claiming HRA benefits for the full year FY14-15(until March), since I am staying for rent in the same city. In this scenario, whats the best way to cla .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... im my interest benefits? If I claim it as loss of house property let out , can I claim the entire interest amount and just add notional rental income for March 2015 to my total income? How will this .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... combine with the HRA claim for the full year? Thanks in advance for your insights! Raj - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Whether you have got clarified in the above issue? You .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... can claim interest on housing loan for the tax benefits. - Housing loan interest - Query Started By: - Rajeev N Dated:- 6-1-2015 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledg .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates