Menu
income tax rebate on acquiring a house property
A person purchases a flat in the name of his wife from his own earnings, can he claim exemption of income tax for the premium and interest amount on the loan taken by him on his name for purchase of the said flat.
Replies (3)
loan should be taken as joint holder by both of them . . .
Flat should be registered in Joint name with her name first.
Loan also - the person should be co-borrower.
Where under I.T. Act it is mentioned that a person paying from his earnings for purchasing a flat in the name of his wife cannot avail tax exemption
Recent Threads
- Form 16 format
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
- Form 26QB – Section 194-IA: TDS on Full Cons
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
Related Threads
CAclubindia
