Interest on house property
This query is : Resolved
14 February 2014
Dear Sir,
I have a query. One of my client took a housing loan in P.Y. 2013-14 for acquisition of House Property.His mother is a co-applicant in the loan. For saving stamp duty charges he got the property registered in his mothers name. So my question is whether he can claim deduction U/S 24 for interest and U/S 80C for Principal repayment even though he is not a registered owner of the property ?
Please help. Thanks in advance
I have a query. One of my client took a housing loan in P.Y. 2013-14 for acquisition of House Property.His mother is a co-applicant in the loan. For saving stamp duty charges he got the property registered in his mothers name. So my question is whether he can claim deduction U/S 24 for interest and U/S 80C for Principal repayment even though he is not a registered owner of the property ?
Please help. Thanks in advance
15 February 2014
Hi,
Since he is not an owner of the property he can not claim the deduction.
Thx
Since he is not an owner of the property he can not claim the deduction.
Thx
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