banner_ad

24(b) deduction

225 views 3 replies
my client house purchase in his own name as single owner and loan against such house is between father and son in equal proportion and both have made equal amount of installment.

whether both father and son eligible for 24(b) and 80c as house loan certificate showing their name or only father get deduction as his only owner of the property

thanks in advance
kindly guid on the same
Replies (3)

"Only father can get deduction as he is only owner of the property..."

he will eligible for full deduction or half deduction as he is paying half amount .

Whatever amount he (father) actually pays........ he can pay full EMI and claim full deduction, as subject to sec. 24(b) of IT act.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

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
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details