My Client son has taken housing loan. Land and house property owned by father. Housing loan is jointly taken by father and his son as co-borrowers. Son repays entire housing loan from his salary. Father is a retired person and not repaying housing loan. Kindly clarify, Can son avail benefit of Rs.2 lakhs as per Income Tax Act.
Menu
Claim housing loan repayment under income tax
Replies (2)
Yes the son can claim the housing loan interest.
Thanks for your valuable advice.
Recent Threads
- SPOM FOR CA FINAL
- Are AI tools like ChatGPT actually useful for CA w
- UK TAX (HMRC) HELP WITH INVESTIGATIONS, DISPUTES,
- Payment processor not transferring or refunding pa
- Form 16 format
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
Related Threads
CAclubindia
