Easy Office
LCI Learning

Deduction

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
22 January 2015 My client wants to take housing loan on land which is registered in his wife name.Can he get benefit of sec 80C n 24..
Thanks

22 January 2015 he must be the co onwer then only he can get the said benefits.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
22 January 2015 sir he is not co owner land is in name of wife and he will do construction thru loan...can he claim deduction




Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
22 January 2015 sir he is not co owner.Land is in name of wife and he will do construction thru loan.can he claim deduction

22 January 2015 if any property is also built over it then still the owner remains his wife and hence unfortunately he will not be allowed the benefit so better insert his name as co onwer.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
22 January 2015 sir it means we have only option of joint loan...then only we claim deduction in both d files

22 January 2015 even if u take joint loan still she will be eligible and not u as onwership is imp for deduction.

23 January 2015 without ownership on house you cannot get the benefit.






You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries