an assessee is co-borrower(along-with his wife) for the housing loan , but the property has been purchased only in the name of wife.whether the assessee can claim the housing loan interest tax deduction(as property value is being disclosed in ITR of wife)?
2 Replies
Kapadia Pravin
(17259 Points)
Replied 28 August 2019
Assessee Husband can't claim deduction of housing loan interest
Shivam RC
(Student)
(23683 Points)
Replied 28 August 2019
Husband cannot claim deduction of housing loan interest u/s 24(b) of the Income Tax Act 1961.
Recent Topics
- FORM 10 IEA IN Revised return
- ITC Eligibility on GTA
- Top Highest Tax-Paying Celebrities: FY 2023-24
- Misplace society Bye law
- Submit ommited invoice of previous year
- Need your valueble insight
- GSTR-9 Invoices
- Agricultural Business Loss
- Reporting in gstr9 of ITC of Previous year reverse
- Tax on Reimbursement of House Rent
Related Threads
CAclubindia
