Income from House Property U/S 24 b
naveen (student) (20 Points)
06 March 2019Please give a solution for the above case as per provision Income tax act 1961
naveen (student) (20 Points)
06 March 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185054 Points)
Replied 06 March 2019
None of both are eligible for any interest deduction.
Son is paying EMI, but he is not owner of the property.
CA Shikha Sharma
(Ceo)
(3869 Points)
Replied 06 March 2019
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 06 March 2019
Priya Kashyap
(Student)
(7053 Points)
Replied 07 March 2019
RAMA RAJU RAMAIAH
(Advocate-Tax consultants)
(58 Points)
Replied 18 March 2019
Father can be claimed interest U/s24 from the date of completion of construction even though son is paid interest. and also father is collected rents. because son had right to give gift to father in shape of EMI and it is exemption to son (gift made to father)
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