deduction u/s 24b
This query is : Resolved
31 July 2009
Can a co-applicant is eligible to get deduction u/s 24b for payment of interest on housing Loan and 80C for repayment of Loan. if yes, please tell me relavent case law or section.
01 August 2009
If it is a Co-owners Either of them can claim interest upto 1.50 Lacs ( Only one can claim not both).
In case of co-applicant, Only the owener can claim the deduction and not the co-applicant.
As per IT- Sec 22 Who is owner:
It is the legal owner of a house property.
In case of co-applicant, Only the owener can claim the deduction and not the co-applicant.
As per IT- Sec 22 Who is owner:
It is the legal owner of a house property.
Message likes :
1 times
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
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- COP Surrender 2024
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
