House Property
This query is : Resolved
07 June 2010
Can income tax exemption for interest on house loan can be claimed even if house is not in name of assessee but loan was taken in his name
Sunil Kr. Sanganeria
(Expert)
07 June 2010
No. Deduction for interest paid on borrowed fund is available in section 24(b) of the Income Tax, if the house is owned by the assessee.
CA Ashok Kumar Sahu
(Expert)
07 June 2010
agree with sunilji
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