banner_ad

Sec 24 of IT act 1961

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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??
Profile Image

S.Srinivasaraghavan

Profile Image

S.Srinivasaraghavan (Expert)
13 August 2008 No.
Profile Image

Pratheej

Profile Image

Pratheej (Querist)
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???
Profile Image

S.Srinivasaraghavan

Profile Image

S.Srinivasaraghavan (Expert)
13 August 2008 The deduction is applied to the income of the property.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details