WebApr 12, 2024 · Due Date Of Income Tax Audit For AY 2024-24. A person covered by section 44AB should get his accounts audited and should obtain the audit report on or before … The following income will be taxable under the head ‘Income from House Property’ of the Income Tax Act, 1961. 1. Rental Income on a let out property 2. Annual Value of a property which is ‘deemed’ to be let out for income tax … See more Say, a person repays a housing loan of Rs 4 lakh annually out of which Rs 2 lakh is the interest component. He has also incurred a pre-construction interest of Rs 3 lakh. He is earning Rs … See more When you have taken a loan for the purchase or construction of a house property, you can claim a deduction on pre-construction … See more You need to meet all the below 3 conditions to claim this deduction 1. The loan has been taken after 1st April 1999 for purchase or … See more
Deduction u/s 24(b), HRA exemption & interest capitalisation
WebApr 11, 2024 · This notification to notify the Cost Inflation Index (CII) for FY 2024-24 (AY 2024-25) is notified under clause (v) of the Explanation to section 48 of the Income-tax … http://www.commonlii.org/my/legis/consol_act/ita19671971191/ how common is hashimoto\u0027s disease
Section 24 of I-T Act: Deduction On Income From House Property
WebJul 27, 2024 · Section 24 (b) operates independently of section 10 (13A) and none of the two sections exclude the operation of the other. Nothing in the two sections precludes an assessee from claiming benefits under both the sections simultaneously, provided aforementioned conditions are fulfilled. WebNov 10, 2024 · Section 24 of the income tax act provides for deduction on pre-construction as well as post-construction interest. The below conditions apply: The total deduction … WebSection 2 (24) (iv) in The Income- Tax Act, 1995. (iv) the value of any benefit or perquisite, whether convertible into money or not, obtained from a company either by a director or by … how common is hashimoto\\u0027s disease