Interest on housing loan
This query is : Resolved
26 November 2012
Assessee has taken joint loan on the house property, wife being owner of the property.
Can the assess claim interest deduction for on such loan fully since wife has no income and she is merely the owner of the property
Assessee has taken joint loan on the house property, wife being owner of the property.
Can the assess claim interest deduction for on such loan fully since wife has no income and she is merely the owner of the property
26 November 2012
If the assessee is not the owner of the property then he cannot claim deduction for interest.
26 November 2012
For claiming deduction under HP, assessee has to be the owner of the property, atleast a joint owner.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Dep. as per companies act
- Applicability of GST on Salary Reimbursement Component
- Minimum tax payable to file Updated return
- SALARY CAN BE CAPITALIZE
- Salary from Qatar in Dollars in India
- TDS on purchase of under construction property from a reseller
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
