Can Mrs. X Claim deduction under sec. 24b & 80C ?
This query is : Resolved
Vijay Kr. Mishra
(Querist)
08 September 2010
Mrs. X is the owner of a house property, while interest on borrowed capital paid by her husband. Can Mrs. X Claim deduction under sec. 24b & 80C ?
Suppose in the above problem Mrs. X shows that she has taken a loan from his husband and paying interest @ 10% p.a.
Thanks.
Suppose in the above problem Mrs. X shows that she has taken a loan from his husband and paying interest @ 10% p.a.
Thanks.
CMA Ramesh Krishnan
(Expert)
08 September 2010
1. Owner of the house property can be claim Interest deduction and 80C
2. For interest - lon taken from relatives, friends also can be claimed, but principal payment not eligible u/s.80C
2. For interest - lon taken from relatives, friends also can be claimed, but principal payment not eligible u/s.80C
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