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 ............
Santosh Mishra
(Expert)
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Taxation of crypto futures in India Fy 2026- 2027
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
