House Property
This query is : Resolved
24 August 2009
To claim interest on loan in house property Is it necessary that the interest certificate to be in the same name?
Eg. interest certificate in father name Can the son/spouse claim interest paid in their house property income
Eg. interest certificate in father name Can the son/spouse claim interest paid in their house property income
24 August 2009
interest certificate generally issued to the owner of the property. Also note sec 24(b) is to give the benefit to the owner of the property.
When certificate is issued to father that means father has a legal ownership of the property. If SOn is also a joint applicant then he can claim 50% of the interest amount whether or not his name appeared on the certificate.
When certificate is issued to father that means father has a legal ownership of the property. If SOn is also a joint applicant then he can claim 50% of the interest amount whether or not his name appeared on the certificate.
24 August 2009
AGREE
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
- Unregistered suppliers utility
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- ITR 4 and Bank transactions
- TDS AND ITR ISSUE
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
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
