Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Deductions from house property: interest and standard deduction subject to certificate requirement and aggregate cap for loans. Deductions under Income from house property include a standard deduction as a percentage of annual value and interest on borrowed capital for acquisition, construction or related works; pre-construction interest is apportioned over the year of acquisition and four succeeding years. Special caps apply to specified property classes, higher caps apply for loans meeting prescribed timing and completion conditions, and a certificate from the lender is required where higher limits are claimed; the aggregate of proviso-based deductions is subject to an overall ceiling.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deductions from house property: interest and standard deduction subject to certificate requirement and aggregate cap for loans.
Deductions under Income from house property include a standard deduction as a percentage of annual value and interest on borrowed capital for acquisition, construction or related works; pre-construction interest is apportioned over the year of acquisition and four succeeding years. Special caps apply to specified property classes, higher caps apply for loans meeting prescribed timing and completion conditions, and a certificate from the lender is required where higher limits are claimed; the aggregate of proviso-based deductions is subject to an overall ceiling.
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