Interest of house property

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 September 2011 Whether assessee claim deduction u/s 24 if he is not the owner of property because the property is registered in the name of father & he is applicant/co-applicant of loan for house construction.

Whether he can claim deduction or not. Reply soon.

08 September 2011 For claiming interest under section 24, the assessee should be owner of the property as well as loan in his/her name

08 September 2011 As per section 22 from the house property the assess can claim deduction in these head if he is the owner of the property.


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