can I avail interest paid and repayment of Loan taken from
friends for construction of House property. if so under
what section of Income tax Act
- 1 Answers
- 2606 Views
- I also Faced
- E-Mail Answers
Answer / manoj chandra sharma
you can take the deduction on amount of intt. paid on loan
borrowed from your friend u/s 24(b) to the extent of Rs.
150000/- in case of self occupied property.
But on the other hand you will not entitled to get the
deduction of principal amount that you will repay to your
friend u/s 80(C) since there are some specified
establishment from which if u have taken the loan then u
will entitled to claim deduction
| Is This Answer Correct ? | 0 Yes | 1 No |
Sir, in CEntral excise we need to pay some amt with interest ex.13815 amt for 66 days how to calcualte this?
how many types of VAT?
3 Answers L&T, Samiah International Builders,
What is the value of the Budget for 2009-10
My client is a Partnership Firm and was converted in to the Pvt. Company. Now, the Question is that the both the entity i.e. Partnership Firm and Company entitled to get the Depreciation of Proportionarate basis, they used the Assets? I reffered to the Income TAx Act, there is no any specification regarding the convertion only the amalagamation and merger.
What is the procedure to intimate Change Name of Business in maharashtra Vat Act, which form to be fill.
let me know if a supplier in his invoice he has added Transportation charges & on that he is charging Vat whether vat is admissable on transportation Charges also ? Basic + Excise + Transportation charges = X amount on X amount Vat is chaged whether it is correct ( within State) Purchase. & also let me know what rule is applicable for Outside state ?
when an endorsed bill dishonored, for the endorsee, it become the laibility? 1)of the drawee 2)of the drawer 3)of the payee 4)of the indorser
Sir Kindly tell me Where is the best institute fir SAP(FICO-CIN and New GL module specially) in Hyderabad ASAP. Regards Om 9910699167
For getting relief under section 89 which types of documents to be submitted for making form16
What is WCT? On Which it is calculated?pleasegive any example.
Can I make a my HOUSE RENT AGREEMNT in the favour of my wife (LAND LORD) of Rs. 25000/- (twenty five thousand per month). if yes then what are the liabilities on me and my wife (land Lord) w.r.t INCOME TAX Act.
what is excise duty, how much rate calculation on manufacturing goods?
113 Answers Agricon, Bajaj, CMS, Gaurav International, Genpact, Janpact, KJH, MahaGenco, Manufacturing, Mennen Industries, Pharma, Reliance Communications, VSS,
Audit 
