Please Help: Self occupied house property
Posted Date : 05-Sep-2011 , 07:09:29 pm | Posted By Rajiv Mittal
f there is a self occupied house property held jointly by 2 persons. The deduction of Rs. 150000.00 will be available to both persons individually or a total deduction of Rs. 150000.00 be available? You had answered me that both the persons can claim deduction of Rs. 150000.00. But the ITO is not convinced. Can you give me the section no., case study and some theory matter regarding this. You can mail me the data on my email ID: rajivmttal@yahoo.co.in I would be very thankful to you.
Category : Income Tax | Answers : 3 | Comments : 0 | Hits : 380
Answers
Answer By: Ashish Karundia
Dear Rajiv,
Please refer Section 26 read with second proviso to Section 24(b) (The same was mentioned in earlier reply also.
Please refer Section 26 read with second proviso to Section 24(b) (The same was mentioned in earlier reply also.
Answer By: Ashish Karundia
Dear Rajiv,
You can refer the judgment of Commissioner of Income Tax vs Abdullabhai M Moonim [1981] 132 ITR 642 {http://taxpundit.org/ITRPDF/132ITR/132ITR642.pdf}
You can refer the judgment of Commissioner of Income Tax vs Abdullabhai M Moonim [1981] 132 ITR 642 {http://taxpundit.org/ITRPDF/132ITR/132ITR642.pdf}
Answer By: CA sheekhr
gud man
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