Claiming housing loan interest and principal amount
This query is : Open
14 March 2015
dear sir,
one of my client is medical officer, he has obtained housing loan from the bank. the housing loan status is a joint loan account. my client and his mother in law(wife's mother). his mother in law is housewife and seniour citizen.
now my query is my client can claim full interest deductions u/s 24 and principal amount u/s 80c.
please suggest me
one of my client is medical officer, he has obtained housing loan from the bank. the housing loan status is a joint loan account. my client and his mother in law(wife's mother). his mother in law is housewife and seniour citizen.
now my query is my client can claim full interest deductions u/s 24 and principal amount u/s 80c.
please suggest me
15 March 2015
Housing loan deduction based on the ownership of the house, first house should be owned or jointly owned by the assessee, if such case loan deduction also claimed even loan as joint name.
16 March 2015
thank you sir
regards
ragahvendra
thank you sir
regards
ragahvendra
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