Income tax benefit on interest on home loan u/s 24
This query is : Resolved
Shirish Shah
(Querist)
09 April 2016
hello sir,
Can i claim Income Tax Benefit on Interest on Home Loan u/s 24 if i have taken loan for purchasing my first home from my husband's huf.
i have taken loan of rs. 1120000 from my husbands huf, and i have paid annual interest of rs. 112000.00 to my husbands huf account.
all the transaction are done by cheque.
regards
Can i claim Income Tax Benefit on Interest on Home Loan u/s 24 if i have taken loan for purchasing my first home from my husband's huf.
i have taken loan of rs. 1120000 from my husbands huf, and i have paid annual interest of rs. 112000.00 to my husbands huf account.
all the transaction are done by cheque.
regards
Amol S Joglekar
(Expert)
09 April 2016
yes. You can do so. No issues.
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