Menu
Deduction of interest on borrowed capital in case of co-owners
So ya... i agree with Miss. Richa & Mr. Mukul's explanations.
Yes agreeing with all.. in case of SOP If the property is bought after 1st april 1998 for acquisition or construction and the construction is complted with 3 years then maximum allowable deduction is 150000 otherwise it is 30000. in case of joint co owners, each can claim the seperate dediction u/s 24(b).
Recent Threads
- Tds deduction queery
- Check ITR1 on income tax Form ITR1 Instead of 1 ho
- Form 121 requirement
- Interest on reversal of ITC when ITC balance avail
- Is MirrorFly an Instant Messaging Software?
- ITR filling for legal heir
- How Can I qualify CA Final Exam?
- Wrong reporting on 22 april 2026 under article inc
- Articeship Form 107
- TAN for Multiple States
Related Threads
CAclubindia
