Interest for loan on self occupied property
This query is : Resolved
SANDEEP AGGARWAL
(Querist)
27 March 2008
Sir,
I have taken loan from my relative for purchase of House. i am paying interest to him and claiming deduction u/s 24 for interest on self occupied property. Can I show it to my employer and claim loss u/h house property at source. I think u/s 192 employer can consider income including loss u/h House property. Please guide.
Thanks
CA. Sandeep Aggarwal
I have taken loan from my relative for purchase of House. i am paying interest to him and claiming deduction u/s 24 for interest on self occupied property. Can I show it to my employer and claim loss u/h house property at source. I think u/s 192 employer can consider income including loss u/h House property. Please guide.
Thanks
CA. Sandeep Aggarwal
28 March 2008
YES YOUR EMPLOYER SHOULD CONSIDER IT
CA Praveen Chopra
(Expert)
28 March 2008
Your employer will have to consider this.
K V Subba Rao
(Expert)
28 March 2008
Yes. Refer Para 153.2.4 of 30th edition of Sighania's Direct Taxes Ready Reckoner
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