HOUSING LOAN TAKEN ON OWN HOUSE MOTRGAGE
This query is : Resolved
19 February 2010
DEAR SIR/ MADAM
AN ASSEESSEE STAUS(HUF)HE IS TAKEN HOUSING LOAN FOR PURCHASE OF HOUSE IN HUF STATUS, HE IS TAKEN HOUSING LOAN BY MORTGAGE HIS OWN HOUSE IN INDIVIDUAL STATUS. HE IS ELIGBLE FOR TAKEN EXEMPTION ON INTEREST PAID OF H.L. IN HOUSE PROPERTY INCOME.
PLEASE TELL
THANKS IN ADVANCE
AN ASSEESSEE STAUS(HUF)HE IS TAKEN HOUSING LOAN FOR PURCHASE OF HOUSE IN HUF STATUS, HE IS TAKEN HOUSING LOAN BY MORTGAGE HIS OWN HOUSE IN INDIVIDUAL STATUS. HE IS ELIGBLE FOR TAKEN EXEMPTION ON INTEREST PAID OF H.L. IN HOUSE PROPERTY INCOME.
PLEASE TELL
THANKS IN ADVANCE
19 February 2010
He is eligible for the interest on housing loans in both capacities separately as income from house property n both status is assessed/assessible separately.
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