Income from Housing Property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 July 2011
A person has taken loan for purchase of house property. However has registered the property in the name of his mother only (who is also a co-borrower in the housing loan). All the payments of installment is made by son only. The property is on rent.
(Q1) Who can make claims for interest on loan paid?
(Q2) In whose income rent is added?
(Q1) Who can make claims for interest on loan paid?
(Q2) In whose income rent is added?
11 July 2011
rental beneficiary will have to pay the loan and account the whole transactions in own name.
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
- TDS 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Putting a heading on received mail
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Regarding Applicability of Tax Audit u/s 44AB
- Consolidated financials
- Reprocessing of rectification order AY 2025-26
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
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
