24(b)

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pls clarify one doubt. the assessee claiming interest on borrowed capital under section 24(b) but the property was registered in the name of assessee's spouse though the loan was taken by the assessee. Now pls tell me whether the interest expenses can be allowed or not. Is there any case laws?
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No, the deduction is not allowable. Because the income is taxable in the hands of the owner of the property. And the owner should be borrower to claim interest deduction.


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