Income Tax
This query is : Resolved
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?
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
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
27 March 2010
agree with expert
27 March 2010
Agree with experts.
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
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- TDS AND ITR ISSUE
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- EXPORT COMMERCIAL INVOICE HSN CODE
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
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
