DEDUCTION U/S 24
This query is : Resolved
10 August 2010
FLAT IS PURCHASED IN THE NAME OF THE ASSESSEE(NOT IN THE JOINT NAME OF HUSBAND AND WIFE) AND HSG LOAN FOR THE SAME IS TAKEN IN THE NAME OF WIFE AND INSTALLMENTS ARE ALSO PAID BY THE WIFE.WHO WILL GET THE DEDUCTION FOR THE HSG LOAN REPAYMENT???
10 August 2010
Wife will get the proportionate benefit.
10 August 2010
Wife has no income from house property since the house is not belonging to her. So wife will not get 24(b) deduction for the interest portion of the amount she paid. The owner of the house is husband. But husband has no loan. So he also will not get the benefit of section 24(b). Same analogy for 80C deduction also meaning thereby both persons will loose the benefit.
10 August 2010
I agree with Chackrapaniji
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- Treatment of Pension ?annuity returns on PMVY
- TAN for Partnership
- GST ON DAMAGED GOODS
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Specified Profession
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- 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
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
