Regarding housing Loan
This query is : Resolved
13 August 2008
Hi Sir / Madam
Our employee has taken housing loan from bank. And the house property is owned by the three persons,viz his brother, his brothers wife & himself. he is paying the full amount of installment from his bank & he want to get benefit of home loan against income tax. Can he get full benefit of home loan or as he is a co-owner, on that behalf he is getting benefit of his share only?
Regards
Anil
Our employee has taken housing loan from bank. And the house property is owned by the three persons,viz his brother, his brothers wife & himself. he is paying the full amount of installment from his bank & he want to get benefit of home loan against income tax. Can he get full benefit of home loan or as he is a co-owner, on that behalf he is getting benefit of his share only?
Regards
Anil
13 August 2008
He can take full benefit, but he must declare that nobody other is taking the same benefit.
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?
- REGARDING GST ON COMMERICIAL PROPERTY
- 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
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Payment of bonus act - notice pay recovery
- MIS MATCH OF INVOICE NUMBER
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- 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
Trending Online Classes
CAclubindia
