Property in the name of Daughter on loan from bank but the Monthly Instalment debited from her Father banking account as a co applicant. If the same property having Rental Income, can we deduct Interest benefit on Daughter Income Tax Return in New Tax Regime.
Vice Versa if the Property In the name of Husband on loan from bank but the Monthly Instalment debited from Wife banking account as a co-applicant. If the same property having Rental Income, can Husband claim Interest benefit on His Income tax return under New Tax Regime.
PLEASE ADVISE
CAclubindia
