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Interest of house property

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 September 2011 Whether assessee claim deduction u/s 24 if he is not the owner of property because the property is registered in the name of father & he is applicant/co-applicant of loan for house construction.

Whether he can claim deduction or not. Reply soon.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
08 September 2011 For claiming interest under section 24, the assessee should be owner of the property as well as loan in his/her name
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Ravi Jhamb

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Ravi Jhamb (Expert)
08 September 2011 As per section 22 from the house property the assess can claim deduction in these head if he is the owner of the property.
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