Housing loan
This query is : Resolved
11 March 2009
Son can claim a deduction of principal and interest, whereas loan is in the name of mother name
Under which section it is applicable & case law if any.
thanking you
Under which section it is applicable & case law if any.
thanking you
CA.SHAHZAD SAYYED
(Expert)
11 March 2009
For Deduction of Principal u/s 80C and for dedution of Interest u/s 24(b), Loan should be only with Assessee's Name who are going to claim such deduction
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