Sec 24 ,
This query is : Resolved
Saikrishna Chitturi
(Querist)
17 March 2016
Sir,
shall I claim interest u/s 24, even if the property is registered on my parents name ?
CA MANISH SAXENA
(Expert)
17 March 2016
NO you are not eligible to take the benefit of Sec 24.
Saikrishna Chitturi
(Querist)
17 March 2016
sir,
actually I will pay both interest and principal but the property registered on my parents
Saikrishna Chitturi
(Querist)
17 March 2016
sir,
actually I will pay the interest and principal but the property is registered on my parents name
Soumitra Basu
(Expert)
24 March 2016
The obligation for payment of rent is of your parents not yours. you are only discharging the obligation of your parents that will not make you eligible for getting deduction.
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