Section 24
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 April 2013
CAN A PERSON CLAIM THE HOUSING LOAN DEDUCTION u/S 24 AND 80-C IF HE COMES ONLY BLOOD RELATION BUT HE IS NOT CO OWNER.(ALL INSTALMENT PAID BY THE PERSON WHO COMES IN BLOOD RELATION). PLZ REFER THE JUDGMENT IF ANY.
13 June 2013
If a joint owner wants to claim deduction u/s 24 then the percentage of both the co-owner should be fixed in advance. It has no relation with blood relation or other wise. The deduction cannot be claimed under botht eh sections at a time.
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