Hbl loan
This query is : Resolved
26 June 2016
Respected Sir,
I want to know the tax treatment about a case where a husband took a HBL loan in his own name but he purchase the house in his wife name . As the loan was taken by the husband so he still paid the loan amount monthly. Here I want to know that can the husband take the benefit of HBL deductions in Income Tax.Both the individuals are regular return filler.
I want to know the tax treatment about a case where a husband took a HBL loan in his own name but he purchase the house in his wife name . As the loan was taken by the husband so he still paid the loan amount monthly. Here I want to know that can the husband take the benefit of HBL deductions in Income Tax.Both the individuals are regular return filler.
26 June 2016
The house needs to be in the name of the person who is claiming the benefits.
In the above case, the wife can enjoy the benefits of INTEREST, although paid by husband
In the above case, the wife can enjoy the benefits of INTEREST, although paid by husband
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
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- E way bill for tractors
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Loan by Partnership Firm
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- 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
- Annexure B utility for GST Refund
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
