banner_ad

Income from House Property

This query is : Resolved 
Profile Image

Profile Image

(Querist)
24 July 2010 I have purchased a house worth Rs.50 lakhs in name of my mom,father,brother and myself in FY 2009-10. Each one has 25% share in house property.

I have taken a loan Rs.10 lakhs.I have opened a separate a/c for paying the loan installment.First Name is mine and all others are joint a/c holders.

Qurey :-
1.The loan paid should be treated as paid
by me or equally by all of us as i am the only person who is trferring the amount from my personal a/c to the common bank a/c for EMI payment. Hence,whether the interest paid can be claimed as deduction by all of us or can be claim by only me.

2.I have an option to consider any one or two of
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
08 August 2010 if the repayment made from the Joint loan of you can be claimed interest by all of joint holders of loan
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details