Will income tax department will ask for tax
3 months ago
I took a home loan from pnb housing finance ltd and they have given me a account cheque of rs 18 lakh and i want this amout to be transferred to my father account will income tax department will charge tax on it
A.Dear client,
As per the income tax benefit for financial year 2023-2024, you will not be charged for transfer for housing loan. However, you may be entitled to tax benefits. You may be exempted from tax for up to 2 lakhs as per Section 2 of the Income Tax Act.
Thank you
As per the income tax benefit for financial year 2023-2024, you will not be charged for transfer for housing loan. However, you may be entitled to tax benefits. You may be exempted from tax for up to 2 lakhs as per Section 2 of the Income Tax Act.
Thank you
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