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
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- 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
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Should I report my US salary for January, February, March in Schedule FA?
- 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
