Question ID :
31738
Interest on mortgage loan
A person has taken mortgage loan against security of a building which is in his wife's name. He is claiming deduction under sec 80C as well as reducing his profits availing loss on House property. Whether this is possible?
Posted by
Mahesh Kumar
on
Jul 10, 2018
Filed Under
DIRECT TAXES
The person referred cannot claim 24(b) and 80C being not
the owner of the building
Posted by
B.CHACKRAPANI WARRIER on
Jul 12, 2018