Housing loan
This query is : Resolved
16 December 2018
Sir,
We had purchased one 1 BHK house in 2015 which was registered in my father name & loan was taken from OBC Bank by my father. This property is under construction till date. My father retired in 2018 now i have transferred loan in my Name but property still registered in fathers Name. Question is can i get home loan deduction for EMI paid by me. It will be great help if you could suggest relevant sections
Thanks
We had purchased one 1 BHK house in 2015 which was registered in my father name & loan was taken from OBC Bank by my father. This property is under construction till date. My father retired in 2018 now i have transferred loan in my Name but property still registered in fathers Name. Question is can i get home loan deduction for EMI paid by me. It will be great help if you could suggest relevant sections
Thanks
16 December 2018
without ownership, you cannot claim the deduction.
17 December 2018
Thanks for your reply.So how to claim deduction in this case as i have paid EMI of housing loan since entire year.
17 December 2018
already answered. You cannot claim deduction without ownership. plus it is still an under-construction property. So deduction is anyway not allowed till the constructions completed.
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
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- Not a CA , can we prepare balance sheet
- Income Type for interest from government bonds
- TCS ON SOFTWARE SALES
- Excess income received or excess expenses paid
- What is reason of its
- Is Input or receivable interchangeable words
- TDS - Form 26QB - Installment - Final payment Query
- ITR 6 Schedule CFL and UD Issues
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
