IT EXEPMTION

Discussion in 'Income Tax' started by Abhaykumar d.Janaj, May 21, 2016.

  1. Abhaykumar d.Janaj

    Abhaykumar d.Janaj New Member

    Details of open plot Loan premium and Interest paid.
    Loan Sanctioned amount: 14,00,000=00(14 Lac)
    Year Interest Principal Opening Balance Closing Balance
    2012-13 7576=00 8424=00 1400000=00 1391576=00
    2013-14 136742=00 55158=00 1391576=00 1336418=00
    2014-15 133301=00 58699=00 1336418=00 1277719=00
    2015-16 121298=00 71899=00 1205820=00
    Construction Permission: April 2015
    Housing Loan taken 12Lac sanctioned in the year 2015 April 25th.
    Construction completed: May 2016.
    What are the income tax benefits from this year onward?.
    Is interest paid in previous years on open plot is eligible for IT relaxation?.
     

    Attached Files:

  2. Abhaykumar d.Janaj

    Abhaykumar d.Janaj New Member

    let me know the IT relaxations this year to file IT Return.
     
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