15 April 2019
I bought a flat which was under construction till end of 2018. We took a loan from bank. Flat is in joint name with my husband but while applying loan I was not working hence loan was sanctioned to him based on his salary slips. Property was registered in the month of December 2018. Also the loan account was closed subsequently in the month of January 2019. Now the property is leased out and I am receiving rent income. What are the tax implication? 1) Whether i can avail tax benefit for interest paid on housing loan? In how many installments can i claim. 2) I am staying in rented house so whether i can claim HRA?
15 April 2019
if you pay installment out your income than, you can take claim of paid amount. property should in your name . otherwise you cannot claim the deduction.
CAclubindia
