sir personal loan it's principal amount & it's interest amount can be taken as 80G & 80C relaxation in itr 1pl clarify
Sir,
My self is Deepjit. And have a question regarding deduction u/s 54. My uncle had sell a property on 10th October,2017 having a long term capital gain of ₹1,00,00,000/- . He has purchased a flat worth ₹2,00,00,000/- having an agreement with builder to make installment payment. Upto 15th Ju...
My self is Deepjit. And have a question regarding deduction u/s 54. My uncle had sell a property on 10th October,2017 having a long term capital gain of ₹1,00,00,000/- . He has purchased a flat worth ₹2,00,00,000/- having an agreement with builder to make installment payment. Upto 15th Ju...
Amlan Dutta
Under section 54, he can claim benefit of capital gain exemption until 1 Cr and not 1 Cr plus taxes.
(refer video tab for relevant videos for the topic)
(refer video tab for relevant videos for the topic)
- July 14, 2018
- LikeLike
- Select as Answer
Deepjit Nandi
Sir, he had paid 1,00,00,000/- to the builder including GST as on today. I'm posting this question as, if the amount without GST is allowed then it will be less than 1 cr. And rest of the amount will be taxed as per rule. And if I can put the the amount including GST then whole capital gain will be ...
- July 14, 2018
- LikeLike
sir
I downloaded ITR 2 excel utility Assessment year 2018-19.
In TDS segment, Other than salary TDS , column no 5 showing year 2016 & below (financial year in which TDS deducted)
Actually TDS deducted in 2017-18 year
What to do Please guide
I downloaded ITR 2 excel utility Assessment year 2018-19.
In TDS segment, Other than salary TDS , column no 5 showing year 2016 & below (financial year in which TDS deducted)
Actually TDS deducted in 2017-18 year
What to do Please guide
Amlan Dutta
Why are you looking at column 5...Column 5 and 6 are for unclaimed TDS of earlier years bought forward . ( not previous year 2017 )..
Column 7 is for TDS for current year( implying previous year 2017 ) ..Fil...
Column 7 is for TDS for current year( implying previous year 2017 ) ..Fil...
- July 14, 2018
- LikeLike
- 1 person
- Select as Answer
Under construction homeloan.
my house cost is around 65lacs and my loan value is also more than 40Lacs.
and this loan is joint home loan with my wife.
can we both take the benefit of 80EE deduction?
means if we both took the loan, so the value of house and loan will be 50% on both?
my house cost is around 65lacs and my loan value is also more than 40Lacs.
and this loan is joint home loan with my wife.
can we both take the benefit of 80EE deduction?
means if we both took the loan, so the value of house and loan will be 50% on both?
Amlan Dutta
- Amlan Dutta
AYUSH
Hello sumit refer following Conditions to be Met for Claiming Deduction 80ee
This is the 1st house you have purchased
Value of this house is Rs 50 lakhs or less
Loan taken for this house is Rs 35 lakhs or less
Loan has been sanctioned by a Financial Institution or a Housing Finance Company
Loan has bee...
This is the 1st house you have purchased
Value of this house is Rs 50 lakhs or less
Loan taken for this house is Rs 35 lakhs or less
Loan has been sanctioned by a Financial Institution or a Housing Finance Company
Loan has bee...
- July 14, 2018
- LikeLike
- Select as Answer
Amlan Dutta
As ayush explains, for claiming 80 EE benefit, value of this house should be Rs 50 lakhs or less
and loan taken for the house must be Rs 35 lakhs or less. Since your house value is more than 50 lakhs i.e 60 lakhs and loan is more than 35 lakhs i.e 40 lakhs, you clearly are not eligible for 80 benefi...
and loan taken for the house must be Rs 35 lakhs or less. Since your house value is more than 50 lakhs i.e 60 lakhs and loan is more than 35 lakhs i.e 40 lakhs, you clearly are not eligible for 80 benefi...
- July 14, 2018
- LikeLike
- Select as Answer
Select category properly next time ....i wont be repeating this next time and directly deleting any entry without question category s...