Deduction for house rent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 November 2012
I had taken a home loan for the property in wife name in joint name and taken benefit of Income Tax. Total loan has been paid off four years back.
Can I take House Rent Deduction benefit on the same property? We are residing in this house.
Can I take House Rent Deduction benefit on the same property? We are residing in this house.
CA Ashwani Agarwal
(Expert)
21 November 2012
If the property is in the name of your wife only, then you were wrong in taking Income Tax benefit of the interest paid.
But you can take House Rent Deduction if you are actually paying the same to your wife(And if you are not the owner of the house).
But you can take House Rent Deduction if you are actually paying the same to your wife(And if you are not the owner of the house).
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Taxation of crypto futures in India Fy 2026- 2027
- MSME disclosure and disallowance
- Issuing of delivery challan by seller of goods
- EPF ECR NEW RULES Sep 17th 2026
- Accounting treatment of AMC alongwith the purchase of Laptop
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
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
