Section 24 and section 80c housing loan
This query is : Resolved
29 December 2017
Can any anybody help regarding following query:
On allotment letter and possession letter name of both husband and wife is mentioned but no purchase deed of residential house property is not executed. As per possession letter physical possession of house property is received in Jun-16 . Purchase deed may be delayed beyond Mar-2018.
Husband is in service and wife is housewife. Both are co-applicant for housing loan, loan repayment is done from husband's account.
Whether husband can be called as owner of property and claim benefit of deduction u/s 24 of interest and u/s 80C of repayment of principal of housing loan in FY 2017-18 ?
On allotment letter and possession letter name of both husband and wife is mentioned but no purchase deed of residential house property is not executed. As per possession letter physical possession of house property is received in Jun-16 . Purchase deed may be delayed beyond Mar-2018.
Husband is in service and wife is housewife. Both are co-applicant for housing loan, loan repayment is done from husband's account.
Whether husband can be called as owner of property and claim benefit of deduction u/s 24 of interest and u/s 80C of repayment of principal of housing loan in FY 2017-18 ?
30 December 2017
If unidentified percentage of share in possession letter or deed copy then divide equally.
And also benefit of 24 & 80C.
And also benefit of 24 & 80C.
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
- Inventory of finished goods
- GST Regis.
- Tds on building rent monthly
- Sale of property furniture sale
- 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.
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Disallowance of Section 43B(h) to sez units
- 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
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
