Clubbing of income
This query is : Resolved
26 July 2015
Assessees wife has a house in her name and they taken a joint loan on this house...assessee source of income is pension and for his wife rental...rental income comes to Rs.144000.. can aasessee club this income?
if he can club whether he can take housing loan principal and interest for deduction?
26 July 2015
You have mentioned that Assessee wife has a house and getting rental income. What is the source of investment. If the source of investment is through husband then it has to be clubbed. If the Assessee's wife has independent source of income then need not be clubbed. If he really wants to club and enjoy benefit of housing loan interest then he can say the house was purchased through husband's sources. For joint loan, husband's name shall be first name.
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
