Whether the ownership of house property is necessary to claim deduction under section 24(b)?
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Housing loan interest
Replies (11)
Yes, Ownership is neccessary.
yes, ownership of housing is necessary.
also carefyll if completion certificate receive than interest can not claim u/s 80(c).
havent you paid TAX FOR YOUR HOUSE YET??/ THATS THE PROOF ABOUT THE OWNERSHIP. I GUESS
Yes, ownership of property is necessary and I agree with all of you.
Yes Ownership is mandatory............
The sec 80c need ownership for claim of any deduction.
yes ownership is compulsory
Yes ownership is compulsory but be careful if the person hss been got the possition than only he can claim interest.
Charging section i.e...., sec. 22 of IT Act of 1961 itself denotes that Assessee must be the owner of Property to assess House Property Income.
Yes Property should be owned or should fulfill the conditions of Deemed Owner.
And Assessee should have the possession of the Property
agree, ownerhip is must.
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