House Property Income

How can you divide the interest deebu?

INCOME CAN BE CLUBBED , but not the expenditure.................

First it should be confirmed that,  from whose taxable income such expenditure is incurred.

If Mr. A is the earning person and Mrs. A is a housewife then Mr. A will be eligible for the deduction and not Mrs. A.

Deebu

first of all certificate of interest is issure in the name of Mrs. A only by the financial institute. So, Mr. A is incapable to claim deduction under HP.

And as per provision of clubbing  of income any income tran. to his/her spouse without adequte considaration is clubbed in hand of assessee or tranferor

in short, all income will be taxable in hands of Mrs. A and she wil only get full deduction of interest u/s 24B agtr getting flat 30% std deduction u/s 24a

thanx

to get free sms's from me sms

ON TAX_ANIRUDDHA and send it to 9870807070

FREE OF COST !!!!

also tell ur friends about me !!!!

OR...

go to this link to receive FREE sms for lifetime

https://labs.google.co.in/smschannels/subscribe/TAX_ANIRUDDHA

or simply type
ON TAX_ANIRUDDHA and send it to 9870807070

THANX

ALSO FORWARD THIS  TO ALL UR FRIENDS !!!!

BYEEE