Deduction u/s 24, 80-c and 80-ee
This query is : Resolved
09 May 2014
Hello
My wife has purchased a house property in her name and we had taken a joint loan in the name of my wife and me. Whether deduction is available to both of us or only to my wife? And quantum of deduction undef several heads to both of us??
My wife has purchased a house property in her name and we had taken a joint loan in the name of my wife and me. Whether deduction is available to both of us or only to my wife? And quantum of deduction undef several heads to both of us??
09 May 2014
Sachin Both u and ur wife can claim deduction. But the amount must b paid by both of u. Like if only u pays the interest & principle then ur wife is not eligible for deduction.
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
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
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
