Interest Deduction U/s 24
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 January 2011
One person has purchased house jointly with his brother with bank finance. Now he himself only is paying all the EMI in cash.
Whether he can claim the whole deduction or will be shared jointly.
Also payment in cash whether affects anything.
Whether he can claim the whole deduction or will be shared jointly.
Also payment in cash whether affects anything.
14 January 2011
yes, the person can claim full interest subject to limit under section 24
Guest
Guest
(Expert)
17 January 2011
If interest is payable by you and certificate of interest is also issued in your name, you alone can claim interest U/s 24.
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