VIKAS KUMAR SHARMA (GST Practioner) (694 Points)
09 May 2019
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 09 May 2019
Umesh Sharma
(student)
(350 Points)
Replied 09 May 2019
only she can avail the loan deduction benefit. but is loan is their both name then he also can claim the benefit of Home loan.
Pankti Joshee
(student)
(303 Points)
Replied 09 May 2019
For deduction of interest u/s. 24b of IT act, the assessee should be owner or joint owner of the property.
VIKAS KUMAR SHARMA
(GST Practioner)
(694 Points)
Replied 09 May 2019
emi deducted by his husband a/c and payment made through her husband a/c when property registered. stamp duty of Rs 1.10 lac paid by his a/c
any where chance to get relief?
Rahul Shenoy
(student)
(255 Points)
Replied 09 May 2019
No. He should have been co-owner of the house and co-borrower of the loan to get home loan tax benefit.
VIKAS KUMAR SHARMA
(GST Practioner)
(694 Points)
Replied 09 May 2019
if someone is co-borrower of home loan but do not have share in property.
can he avail tax benefit under home loan?
CAclubindia
