EASYOFFICE
EASYOFFICE
EASYOFFICE

Interest Deduction U/s 24

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
06 January 2011 One person has purchased house jointly with his brother with bank finance. Now he himself only is paying all the EMI in cash.

Whether he can claim the whole deduction or will be shared jointly.

Also payment in cash whether affects anything.
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
14 January 2011 yes, the person can claim full interest subject to limit under section 24
Profile Image

Guest

Profile Image

Guest (Expert)
17 January 2011 If interest is payable by you and certificate of interest is also issued in your name, you alone can claim interest U/s 24.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links