Claiming housing loan interest and principal amount
This query is : Open
raghavendra b
(Querist)
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
CMA Ramesh Krishnan
(Expert)
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.
raghavendra b
(Querist)
16 March 2015
thank you sir
regards
ragahvendra
thank you sir
regards
ragahvendra
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
