I am not claiming any rebate on account of interest on housing loan. I am the owner of a single immoveable property, bungalow which is self occupied. Annual corporation taxes are paid and hence income from the property is NIL. Still do i need to give these details in the Return and show as Nil income?
I am told tax rebate can only be taken when house is ready for use or flat when possession is taken
I have been taken a housing loan from my office as well as ICICI Bank as sufficient loan ia not provided by office. I am paying regular EMI to both. Now I want to know whether I can get Income tax rebate on both the EMI paid.
As per income tax guidelines, interest accrued on a home loan is permissible for deduction whether paid or not. I have a house building allowance in which I repay only the principal amount. I would like to claim rebate on previous year’s accrued interest.
Last year’s budget did not go down well with the salaried class. What are the chances that we’ll see some tax rebate this year?
The apt. is a inherited property about 16 years old. renovating cost is about 30k. can we show as
expenditure on house and apply for tax deduction ?
I have purchased two attached/connected (registered seperately) flats at west bengal after taking loans from two different banks. none of the flat is put on rent. I am working in faridabad, other than the town my flats are setuated. can the interest paid for both the loan be deducted from my salary for tax calculation? As no income is really realised from rent from the second flat, how to calculate the income from house property? please suggest me the best possibile option to save the tax on account of income from house property.
if i will get my SSN within a month ,can i get the tax rebate of 2007 i mean $ 1200 which i supposed to get now in 2009 .
If one invests his money in Unit Linked Plans of LIC, and no risc cover is taken, then will it be eligible for rebate in Income Tax?
I bought a 5 year FD of INR 1,50,000 from Canara Bank dt. 12 Mar, 2011. Due to some reason i couldnt claimed for Income Tax Rebate in Financial Year 2010- 2011. I would like to know if i am eligible for IT rebate in Financial Year 2011- 2012 ?