Deduction of housing loan interest u/s 24
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 January 2014
Hi,
I am currently having a housing loan from a Bank jointly with my Mother and now the loan has been paid of it.
Now I have purchased a new house jointly with my father. but the housing loan is being paid by me in this case
Can I claim an exemption U/s 24 for this new house.
I am currently having a housing loan from a Bank jointly with my Mother and now the loan has been paid of it.
Now I have purchased a new house jointly with my father. but the housing loan is being paid by me in this case
Can I claim an exemption U/s 24 for this new house.
CMA Ramesh Krishnan
(Expert)
09 January 2014
As Co owner of the property you can claim the deduction u/s.24. but only one house can be taken as self occupied status. other one can be consider as let out property
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