Deduction of interest under ihp head
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 March 2013
Flat is in the name of wife and instalment is being paid by husband
Pls tell me who will claim the interest under the head of IHP under Income Tax Act.
Pls let me know the case law also ............
Pls tell me who will claim the interest under the head of IHP under Income Tax Act.
Pls let me know the case law also ............
15 March 2013
Since the interest is deducted for the annual value taxable in the hands of owner of the house property, whatever deduction is to be given in case of property you are referring, shall be to your wife only.
The simple reason is that she is owner of the property and income from house property is chargeable only in her hand.
This is true even if the EMI is paid by you.
In my opinion, you are not eligible for claiming the interest.
I am leaving this query open for other experts to reply.
.
The simple reason is that she is owner of the property and income from house property is chargeable only in her hand.
This is true even if the EMI is paid by you.
In my opinion, you are not eligible for claiming the interest.
I am leaving this query open for other experts to reply.
.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR validation error - Balance sheet is not filled
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Eway bill for machinery reparing
- Applicable TDS for Purchase of Flat from NRI
- Form 10BD Filling
- Annual return of gst limit
- TDS ON CASH WITHDRAWALS...
- Taxation in the hands of Landowner under JDA
- Change the gender in the registration of icai
- Lift replacement entries in housing society
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
