Deduction for house rent allowance
This query is : Open
22 December 2013
There is a land in name of a father. A housing loan is taken in the name of father and his son jointly to construct a house property on this land. Whole of the repayment of loan is made by the son and the construction bills are also in name of the son.
The loan is fully repaid and now son wants to show rent payment to father and claim deduction under sec 10(13A) i.e. house rent allowance. Can he do so?
Who owns the property in this case?
The loan is fully repaid and now son wants to show rent payment to father and claim deduction under sec 10(13A) i.e. house rent allowance. Can he do so?
Who owns the property in this case?
22 December 2013
It will not be allowed as both are joint owners and there needs to be landlord tenant rel in this case its not.
22 December 2013
Hi
Since once property is claimed as owned now for saving tav you can not show as rented property.
Thanks/ / VaibhavJ
Since once property is claimed as owned now for saving tav you can not show as rented property.
Thanks/ / VaibhavJ
23 December 2013
the registry is still in name of the father, and has never been claimed as owned. Please elaborate
23 December 2013
the registry is still in name of the father, and has never been claimed as owned. Please elaborate
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