25 March 2010
House loan has been availed in the name of assessee's son. But the house property has been shown in the assessee's statement of total income. Whether the interest paid to such loan can be claimed in the assessee's statement of total income?
25 March 2010
The person who has taken the housing loan(assesse's son)can claim the interest paid as deduction. Its also not clear that who is the owner of property assesse or his son.If Son is the owner and he has taken the loan the assessee can not show the HP income as part of its total income
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