DEDUCTION OF HOUSING LOAN INTEREST FOR INCOME - TAX

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This query is : Resolved

ankur (Querist)

10 December 2010 SIR I DON'T KNOW FOLLOWING TO TWO QUETION

Q-1

TWO BROTHER TAKE A HOUSING LOAN IN BANK HOW DO INTEREST DEDUCTION TAKE A INCOME TAX AND FIRST BROTHER NAME IN HOSING AGREEMENT PLEASE GIVE ME A ANSWARE

Q- 2

TWO BROTHER TAX PLANNING OF FIRST BROTHER NAME IN HOUSE AGREEMENT & FIRST BROTHER GIVE A SECOUND BROTHER OF RENT WITH RENT AGREEMENT

FIRST BROTHER INCOME OF RENT &
SECOUND BROTHER EXPENCE OF RENT

PLEASE INFORME THIS TRUE YES OR NO AND FIRST BROTHER A RENT INCOME TAKE A INCOME TAX
SECOUND BROTHER RENT EXPENCE TAKE A INCOME TAX

PLEASE REPLY URGENT

THANKING YOU

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

10 December 2010 Q.1. Only the owner of the property & loan applicant can take the deductions, if the agreement and loan having one person name the particular person only can take the deduction

Q.2. 2nd person take the rent deduction,if he is salaried employee through HRA,if he is self employed through Sec.80GG

venkatraman shrinivas

venkatraman shrinivas (Expert)

12 December 2010 Please draw the question precisely and in a clear manner which could convey what you require.

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