Ms A is daughter of Mrs X. Mrs X has a house property in her own name. Ms A & Mrs X has jointly taken a loan from bank for this house. Mrs X is not a taxpayer. Ms A is a salaried employee (a teacher) and during the year 2015-16 she has also earned some income u/s 194J (professional income). Now, my question is whether Ms A may claim interest paid by her for borrowed capital for house and which return(ITR) should be filed by her?
Menu
Interest on borrowed capital u/s 24 (loan for house)
Replies (1)
Sorry to say,
- The very first condition is the house property has to be bought by the individuals jointly, and this should be in their joint names.
Recent Topics :
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
Related Topics :
CAclubindia
