Tag: housing loan interest

Assessee entitled to claim deduction u/s 48 of housing loan interest paid for remaining amount over and above already claimed u/s 24(b) of the Income Tax Act. In A recent judgment, ITAT Surat has held that the assessee is entitled to claim deduction u/s 48 of housing loan …

Individual Housing Loans: Rationalisation of Risk-Weights and Loan to Value (LTV) Ratios Reserve Bank of India June 7, 2017 Individual Housing Loans: Rationalisation of Risk-Weights and Loan to Value (LTV) Ratios RBI/2016-17/317 DBR.BP.BC.No.72/08.12.015/2016-17 June 7, 2017 All Commercial Banks (Excluding Regional Rural Banks and Local Area Banks) Madam/Dear …

Penalty 271(1)(c) for claiming higher Housing Loan Interest deduction u/s 24(b) deleted. The AO did not detect mistake but noticed it from the reply of the assessee – ITAT Judgment ABCAUS Case Law Citation:ABCAUS 1124 (2017) (02) ITAT Assessment Year : 2008-09Date/Month of Pronouncement: February, 2017 Important Case …