Interest on House Property
This query is : Resolved
03 December 2008
I have taken up a loan in my name to extend the home ( owned in the name of my spouse). So, whether i could take benefit of interest paid on housing loan in my return or not? Because as per one decision given by CIT in case of S.M.A.Sidiqque v/s. CIT (1984)148 ITR 307(Mad.) that one can claim interest on housing loan taken in his name eventhough the house for which loan taken is owned by his wife or children.
25 November 2009
no
25 November 2009
u can not
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