HEY PLEASE SUGGEST THE IMPLICATION ON THE BELOW FACTS & CASE
Mr. A owing flat say flat no. 201 & Mrs A (wife of A) owe Flat no. 202.. Both these flat are Combined & Make as a 1 Flat
Both Have taken loan on their respective flat and are claiming the deduction u/s 24(B)
The main intention is to let out the flats and
to plan for tax saving at the maximum
Can Mr A Let out his flat to his wife & then her wife sublet the same flat say flat 201 & 202 let out to third party
What will be the tax implcation in the hand of Mr A & Mrs A?
How can this property can be let out so as to save tax at the most
CAclubindia
