Query on tax deduction for housing loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 November 2010
Helo,
To avail tax deduction under section 80C and section 24B for housin loan (taken for acquiring new house), should a person be both co-owner as well as co-borowwer? Or can he be only the co-applicant to the housing loan?
Please advice for financial year 2010-11.
To avail tax deduction under section 80C and section 24B for housin loan (taken for acquiring new house), should a person be both co-owner as well as co-borowwer? Or can he be only the co-applicant to the housing loan?
Please advice for financial year 2010-11.
16 November 2010
Person must be co-owner and co-applicant. Just because of he is co-applicant he can not get benefits of above section.
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Short and Excess provision of expenses
- 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
Trending Online Classes
CAclubindia
