Deduction of interest under ihp head
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 March 2013
Flat is in the name of wife and instalment is being paid by husband
Pls tell me who will claim the interest under the head of IHP under Income Tax Act.
Pls let me know the case law also ............
Pls tell me who will claim the interest under the head of IHP under Income Tax Act.
Pls let me know the case law also ............
15 March 2013
Since the interest is deducted for the annual value taxable in the hands of owner of the house property, whatever deduction is to be given in case of property you are referring, shall be to your wife only.
The simple reason is that she is owner of the property and income from house property is chargeable only in her hand.
This is true even if the EMI is paid by you.
In my opinion, you are not eligible for claiming the interest.
I am leaving this query open for other experts to reply.
.
The simple reason is that she is owner of the property and income from house property is chargeable only in her hand.
This is true even if the EMI is paid by you.
In my opinion, you are not eligible for claiming the interest.
I am leaving this query open for other experts to reply.
.
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
- House Property Reporting in ITR
- Sales amount in Gstr1
- Supply through E-commerce Operators
- TDS Claim year
- Relief u/s Section 89
- TDS Challan Code
- Rent lease agreement
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Taxation on LTCG for property sold after 24JUL2024
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
