house property income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 February 2011
can any one clear my doubt with regard to the house property income.
The doubt is if husband and wife both getting income, having two house which is owned by husband and shows as taxable and self occupied in his return. And now wife purchased one more house in her name with the help of bank loan. After tat husband had given some lumpsum amount from his income to his wife, which she will use for clearing her bank loan. Now whether wife can claim the deduction towards the repayment of loan under section 80c and interest u/s 24 out of her let out income of same house..?
The doubt is if husband and wife both getting income, having two house which is owned by husband and shows as taxable and self occupied in his return. And now wife purchased one more house in her name with the help of bank loan. After tat husband had given some lumpsum amount from his income to his wife, which she will use for clearing her bank loan. Now whether wife can claim the deduction towards the repayment of loan under section 80c and interest u/s 24 out of her let out income of same house..?
Guest
Guest
(Expert)
02 February 2011
In my opinion, deduction u/s 80C and interest will be allowed.
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....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- TAN for Partnership
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- E way bill for tractors
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Taxation on LTCG for property sold after 24JUL2024
- TDS related Query_Liquidated Damages
- 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
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
