income from house property
This query is : Resolved
10 August 2010
Dear all Members, If husband acquire house property in the name of wife and take housing loan in the name of wife. Repayment of loan is made by husband from his bank account. Question is weather husband claim deduction of interest on repayment of housing laon u/s 24 and principal repayment under sec. 80 C from his income as wife is not filing income tax return as she is house wife.? pls advise.
10 August 2010
No. For claiming Housing interest, Assessee should be a owner of house property and having loan also his name,
If Property and Loan both joint name, such case both persons can claim the interestt
If Property and Loan both joint name, such case both persons can claim the interestt
10 August 2010
Ownership of property is the one basic condition for these income tax exemptions.
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
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Is Aadhar PAN linking required for opening bank account?
- Applicability
- Where to show the RCM on Rent paid to unregistered landlord
- RCM - commercial rent paid to URP under GST
- TDS NUMBER SURRENDER
- Application of 115BAC
- Gst Sales of FY 2023-24
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- Issue of gst e invoice
- 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
- Regarding Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
