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House Property

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(Querist)
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
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Sunil Kr. Sanganeria

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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.
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
07 June 2010 agree with sunilji




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