HOME LOAN


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
19 July 2010 Dear Experts
Home loan applicant is my mother i am the co-applicant but loan paid by me through the my bank and i am claiming the deductions my IT return like home loan principal and interest its correct or wrong kindly explain

19 July 2010 As you said that the home loan applicant is your mother, so it is understood that the property also stands in the name of your mother.

I this case , you will not be entitle to claim the home loan benefit under income tax act.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
19 July 2010 Property owned my mother but building constructed by me so i m claim the deductions

19 July 2010 Property has to be in your name for claiming deduction.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
19 July 2010 ok thank u boss


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details