Housing loan interest
This query is : Resolved
27 August 2012
Respected Sir,
If the house is in the name of Daughter Of the assessee,and loan is taken on the name of the assessee &repaid by the assessee .Is he Eligible to claim 80C deduction on housing loan.
If the house is in the name of Daughter Of the assessee,and loan is taken on the name of the assessee &repaid by the assessee .Is he Eligible to claim 80C deduction on housing loan.
Guest
Guest
(Expert)
27 August 2012
YES YOU CAN CLAIM BUT HAVE TO PROOF ITS BONAFIDE IF DEMAND RAISED BY DEPARTMENT
27 August 2012
thank u sir ,Is the assessee is also eligible for 24(b) deducton?
27 August 2012
If the daughter is minor and investment for house is by father, he will be eligible for deduction of interest u/s. 24 and for repayment of initial loan amount u/s. 80C.
Guest
Guest
(Expert)
28 August 2012
co borrower can claim interest paid but they have to define their share.
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