DEDUCTION OF INTEREST ON LOAN

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....EDUCTION OF INTEREST ON LOAN<br> Query (Issue) Started By: - S.C. WADHWA Dated:- 4-9-2014 Last Reply Date:- 31-12-2015 Income Tax<br>Got 1 Reply<br>Income Tax<br>Mr. A gave &#8377; 5 lacs to a builder....

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.... for purchase of flat in delhi and took a loan of &#8377; 10 lacs. Finance Co. gave &#8377; 10 lacs directly to builder for purchase of flat on behalf of Mr. A. Thus, total cost of flat purchased by M....

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....r. A is &#8377; 10 lacs. The flat contruction was completed after three years i.e. three years after giving &#8377; 15 lacs. During these three years, builder paid interest to Financ Co. During the ....

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....financial year 2012-13, Mr. A obtained possession of flat and paid interest of &#8377; 300000/-. Mr. A had now two flats one in delhi and 2nd in haryana. Query is How much deduction will be availab....

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....le on account of interest and in which manner. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Whether you have got clarified in the above issue? If not please inform.<br> Discussion Forum - Knowledge S....

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....haring ....