Exemptions under the Income from House Property
Exemptions under the Income from House Property In this article we will discuss the cases wherein the income from house…
House propery
Whether Notional Interest on Security Deposit received for property given on rent chargeable to tax
Whether Notional Interest on Security Deposit received for property given on rent chargeable to tax? An assessee received interest-free deposit in respect of a shop let out on rent.…
Income under the head house property: Chargeability
Income under the head house property: Chargeability In the today’s world people prefer to invest more and more sum of…
Claim deduction @ Rs. 5,000/- pm if living in a rented premises- Section 80GG
Claim deduction @ Rs. 5,000/- pm if living in a rented premises- Section 80GG Query 1] I am not…
Profit arising from sale of property & Tax saving options
Tax saving Query 1] I request you to kindly suggest me on the following issue. I have sold residential cum…
Not actual rent, House property is taxable on the basis of its Annual Value
House property Query] If I purchase the second house property for my own use, still whether I would be require…
Beware, there is a penalty for property transactions in cash
property transactions Query 1] I am to get some amount in March 2016 on redemption of ELSS MF done in…
Ownership of land is not a pre-requisite for having agricultural income
Query 1] Sir, My uncle is an agriculturist. Due to his old age he is unable to cultivate land. He proposes…
Interest on Housing loan shall be restricted to Rs. 30,000/- if construction not completed within 3 years
Interest on Housing loan shall be restricted to Rs. 30,000/- if construction not completed within 3 years Query 1]…
INVESTMENT IN PLOT IS ELIGIBLE FOR CAPITAL GAIN EXEMPTION
INVESTMENT IN PLOT IS ELIGIBLE FOR CAPITAL GAIN EXEMPTION Query 1] l own house in Nagpur, Can I buy second…
SECOND HOUSE PROPERTY &; INCOME TAX IMPLICATION
INCOME TAX IMPLICATION Query 1] Sir, Presently I own a house and repayment of entire loan amount is already over.…
