Deduction u/s 24b on interest on housing loan
This query is : Resolved
26 February 2013
Mr. A is a salaried employee. His wife B is housewife. Mr. A has purchased a house, but the same is in the name of his wife B. He is not the co-owner of the house. Now, for purchasing this house they have taken a housing loan, which is also in the name of his wife B. Mr. A is not a co-applicant in the housing loan.
My question here is whether Mr. A can claim deduction u/s 24b of int. on housing loan as he is the person who is paying the EMI's.
My question here is whether Mr. A can claim deduction u/s 24b of int. on housing loan as he is the person who is paying the EMI's.
26 February 2013
Hi Purva
Ans. is No.
Thanks!!
Ans. is No.
Thanks!!
Message likes :
1 times
26 February 2013
how can he claim
neither he is owner nor he has taken loan
he can't take benefit
neither he is owner nor he has taken loan
he can't take benefit
Message likes :
1 times
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
- Refund Annexure-B
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Rent lease agreement
- 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
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
