17 June 2016
Sir/madam,
The assessee taken housing loan, but loan and interest was paid by his son, it is eligible to deductions under chapter 6A ?
please suggest me..
17 June 2016
Deduction u/s 80C for principal of housing loan and 24b for housing loan interest will be eligible for deduction to whom who has paid the EMI. So taking deduction loan has to pay by assessee.
CAclubindia
