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.
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?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- 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.
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Disallowance of Section 43B(h) to sez units
- 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
