Relief under chaptervi deduction
This query is : Resolved
20 March 2018
An assesee of 68years of age still continuing with the job. He has jointly with her daughter taken loan from a bank in the Year 2016-17. He himself is paying off all the loan amount however the amount is being transferred to his daughter account on monthly basis. Also the PAN shown in the loan statement is of his daughter as the primary hold, and he is just a secondary holder in the LOAN. My query is how much portion of the loan amount can be shown in his Chapter VI deduction?? Can he Claim for the entire loan amount repaid in his Deduction??
21 March 2018
Is it Housing Loan?
If Yes...
Who is the Property owner?
21 March 2018
Yes its a housing loan. both of them are joint owners of the property
29 September 2021
Yes, he can get full deduction subject to limit u/s. 24(b) of the act..
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
- Regarding Appointment of auditor in case of casual vacancy
- GST- DRC 03 RCM Liability
- Conversion of Proprietorship Firm to Partnership Firm
- Validity of form 15 G and 15 H on Interest on fixed deposit
- Query on managerial remuneration u/s 197 of CA 2013
- Supply to unit situated in SEZ
- Threshold limit of under GST for insurance agent
- GSTR 1- Amend Credit Note
- Updated return filing
- International transfer pricing- -> father entity vs son entity ->WHERE NO mutual say in management
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Revision under Section 264 in The Income Tax Act, 1961
- TDS under section 195.
- Filing GST Returns after death of proprietor
- Registered Required in GST Act
Trending Online Classes
-
LIVE Course on GSTR-9 & GSTR-9C (Technical | Practical | Concept - Based)
Sachin Jain03 November 2025
CAclubindia
