I got EMI reimbursement from builder - will that be taxable income
I bought a flat in march 2016 under Subvention scheme emi till offer of posession, Till august 2019 byilder paid pre emi (interest)directly to bank.
But from Sep2019 builder said Complete EMI (Prinicipal and interest) I will pay to bank and builder reimbursed it to me into my account after deducting 10% TDS .
And builder gave me posession certificate on March 2,2020 so this reimbirsement and TDS deducted by builder is showung in my 26AS . So will this be my tacable income or Is there any way I can avail tax deduction.
Asked 11 days ago in Income Tax