Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

deduction of Section 80EE

Income Tax - Started By: - mahesh sharma - Dated:- 7-7-2015 Last Replied Date:- 11-7-2015 - Mrs. X has applied for home loan and the same was sanctioned in the month of 06/2013 for construction of new house. First installment of the same received in .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

the year total amount of interest paid comes to ₹ 208619/ and principal ₹ 58981/- (EMI) 22300/- per month). Employer has given benefit of ₹ 200000/- towards interest under section 24B and principal under section 80C. Details mentio .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

5 already submitted online and assessment order received. In this year ₹ 39800/- (approx) paid as income tax. Not claimed any deduction of interest on home loan in this AY. Now, I came to know that in addition to deduction entitled under Sectio .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

en loan - Yes Loan is taken for acquisition of residential house property.- For construction of house property. Loan is taken form a bank - Yes Loan has been sanctioned by the bank during April 2013 to 31.03.2014 - Yes in June 2013 The amount of loan .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

dential house property on the date of sanction of loan. - Yes till dte only one property. If the above condition are satisfied, the assessee can claim deduction under section 80EE. Deduction is available in respect of interest payable on the above lo .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version