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
- 2576 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 |
what is the ct-1 sale? if ct-1 bond is misplaced what is the procedure for applying for new bond.
is the company liable to deduct and pay professional tax for directors?
How to prepare the Sales Tax and Sales Tax return?
what is the rate of TCS tax?
Rules for filling Income Tax return for a MNC?
i want for essuing c form .what is the formalties for this according cst department
tds can be applicable on haltage(late time unloading )
do we have tds in nigeria
what is GST? please guide us? what is the rate liable for GST? and when GST is applied?
please tell me how to take stock (not enter in purchase) in Tally ERP 9 in Case the goods recived against from FORM 38 The Company sent me consignment for sale on behalf commisson & after sale he want FORM F. so please tell me procesure of TAke the Stock in Tally for the Created Sale Invoice & Tax Invoice. Thank You
Can we get benefit of TDS deducted in FY 2005-06 and I have received Form 16A from Payee in FY 2008-09 i.e after 3yrs.
Who is liable for TDS ON CONTRACTORS 1% categories ?
Audit 
