Sir,
We are aged persons. (more than 50). We constructed a house after taking a
loan from bank. still we have to pay more than 1.5lakhs. our daughter recently
got appointed in a mnc company. Inclding both salary our income is less Rs.500000/-per year.
My husband is going to retire very shortly. In future my daughter only going the pay house loan and
interest to the bank. my question is since she is the person who is clearing the loan and interest,
is it possbile to claim the same in her taxable income. property is in my husband name and loan is
in our joint account (i.e myself & my husband). Kindly clarify at the earlist.
with regards
mala
CAclubindia
