Sec 24 of IT act 1961
This query is : Resolved
13 August 2008
suppose i jointly own a piece of land with my friend n i tak a loan on my name for constructing a building to be used for commercial purposes.In dis case can my frien also claim 50% of the interest paid on the loan??
13 August 2008
No.
13 August 2008
If the income from that property is shared by the two of em den wat happens???? plus wen d property is in the names of both d persons is it possibl to tak a loan in only one person's name???
13 August 2008
The deduction is applied to the income of the property.
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