Interest on borrowing u/s24
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 March 2015
A house property taken in the name of father but loan for the same has been borrowed in the name of son and the repayment of loan also made by son. Can son avail the benefit of deduction u/s 24 (b) under the head House Property????
Its Urgent.....
Its Urgent.....
12 March 2015
since the son is not the owner unfortunately he cant take deduction.
best advisable to you is make your son joint owner so he can claim the int on loan paid
best advisable to you is make your son joint owner so he can claim the int on loan paid
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