A
Amit Yadav
I want to buy a property on EMI in Pune and afterwards sell the property I have currently (in Ghaziabad, U.P) and use the money to pre-pay the EMIs of my new property. Will the capitol gains from selling of my existing property be Tax Exempted as I will be using that money within two years to pre-pay my new home's EMI ?
U
Ujwal
I did not declare my FBP, now how do I know my HRA as it will not be shown in salary slip and how do I claim exemption while filing ITR.
Y
Yogender Patwari
If I take housing loan of 60 lakhs can I have tax benefit
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Yes, you can tax the benefit of both interest and principal component paid to the Financial Institution.
For expert assistance in tax-related matters, you can connect with me at ca.pujasharma@outlook.com
M
Mallesh
My father is 79 years old, and there is a tax due of Rs.2929 as per Form-16. Should he need to file ITR on his age?
Union Budget 2021 in order to provide relief in terms of compliance burden for filing returns, exempted senior citizens above 75 years of age from filing the income tax return, subject to the certain conditions. To know the detail reach us @ www.tarunguptaca.com
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Vikas
Do i get home loan interest tax benefit if i buy used flat
Yes in my opinion you will get home loan interest exemption u/s 24
CA Chinmay Sheth 5 Mar 2022Yes, you will get deduction for home loan interest u/s 24 upto Rs.2,00,000, if your family resides in the same means it is self occupied. Fresh or used house property doesn't matter.
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