On house property
This query is : Resolved
11 June 2013
my query is that whether deduction of section 24(b)for interest or sec 80(c) for principal is taken by only owner of the house or also coapplicant of loan taken for that house.For Example
Owner of house:- Mr X
Loan taken my Mr. X and Mr. X's Son in coapplicant
whether above deduction can be claimed by Mr. X son or Mr. X only...
Owner of house:- Mr X
Loan taken my Mr. X and Mr. X's Son in coapplicant
whether above deduction can be claimed by Mr. X son or Mr. X only...
11 June 2013
both can claim in the ratio of their ownership for both Sec. 80C as well as Sec 24(b). Note that its available only to the co-owners not merely co-applicants.
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
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- LIC maturity claim whether taxable
- Journal entry of busniess expenses
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
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
