Claiming interest on house property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 November 2013
Dear experts one of the client is in receipt of salary income and he along with his mother owns the house property which is self occupied, mother obtain the loan to construct the same and the EMIs are being paid by mother, now can both claim the interest on loan being paid to bank in the ratio of 50:50, so that there will be loss under house property which will be sef off against the salary income
is it correct? pl clarify
is it correct? pl clarify
17 November 2013
no.. since the mother is paying EMI, you cannot claim the credit for the same.
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