interest
This query is : Resolved
11 August 2009
A loan is taken by Father and father is the owner of House property but loan is repaid by son . who will claim the exemption .kindly refer the section ...................
what is the logic for claiming exemption
kindly elaborate
what is the logic for claiming exemption
kindly elaborate
chetan soni
(Expert)
11 August 2009
logically sec. 24(b) is introduced to give the benefit to the owner of the property.
So in your case only father can take deduction of hsg loan interest.
So in your case only father can take deduction of hsg loan interest.
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taxindiaconnect
(Expert)
11 August 2009
For caliming the benefit, the payer of interest should be a owner or co-owner.
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