Ms A is daughter of Mrs X. Mrs X has a house property in her own name. Ms A & Mrs X has jointly taken a loan from bank for this house. Mrs X is not a taxpayer. Ms A is a salaried employee (a teacher) and during the year 2015-16 she has also earned some income u/s 194J (professional income). Now, my question is whether Ms A may claim interest paid by her for borrowed capital for house and which return(ITR) should be filed by her?
Menu
Interest on borrowed capital u/s 24 (loan for house)
Replies (1)
Sorry to say,
- The very first condition is the house property has to be bought by the individuals jointly, and this should be in their joint names.
Recent Threads
- December Heat, Beach Plans, and Finding Ways to Co
- Heard & Seen Around – Your Daily Economi
- Gst interest and penalty doubts regarding missing
- Import of goods IMS telated
- ITR 6 submitting Problem
- Partnership Firm Closure Process
- Why the Costing Department Is Important ?
- Difference in efiling portal and intimation order
- Income tax challan correction
- AGM WITH SHORTER NOTICE
Related Threads
CAclubindia
