banner_ad

deduction for house loan

This query is : Resolved 
Profile Image

Profile Image

(Querist)
24 March 2011 Mr x having income from salary only.
Mother(housewife ie doesn't have any source of income) of x is registered owner of residential house now x want to take a house loan from notified institutions and banks for construction of second floor.

i want to know

a) is x is eligible for loan whether personely or as co-applicant.

b) can he claim deduction u/s 80 C as he will paid amount of loan.

c) can mother of x claim deduction u\s 24(b)
Profile Image

CA Rajeev Bansal

Profile Image

CA Rajeev Bansal (Expert)
25 August 2011 A) X is eligible for loan as co-applicant

B) No he cannot claim deduction u/s 80 C

C) yes mother of X can claim decuction u/s 24(b) and u/s 80 C out of his income if any
Profile Image

jitendra lalwani

Profile Image

jitendra lalwani (Querist)
29 August 2011 So is there is any treatment for saving tax.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details