Is Ineterest on Loan for Buying Plot /Land Allowed Dedcution ?

I have taken a loan for buying a plot and to construct a house on it.50% of loan has been disbursed for buying the...

Is Ineterst on loan For More Than One House Allowed Deduction?

I am salaried guy. I have taken loans from 2 banks for 2 of my houses. One of ...

Can I get Dedcution of Interest For Renovation of House Registered in Father’s name?

I am working in Chennai for take home of 36k, gross 44k (after tax, 1lakh ...

Can Both Joint Owners Get Deduction of Interest ?

Planning to borrow the Home Loan on Joined Account by myself & my brother.Is ...

Transfer of Property Without Adequate Consideration To father Does Not Come Under Clubbing Provison.

I bought a house on loan in May 2006 and wish to let out this house on rent next month. Myself and my father...

Why should You Claim Interest Deduction Even If Taxable Income Is Nil?

1. I am a salaried employee and paying interest on housing loan amount in to RS.120000 for the year, it is a self occupied...

Not Living In Your House Can Prove You Costly!

A person takes a housing loan and rented the same.He / She is staying in the rented house in the same city .Can we...

Can Husband & Wife Both Get Deduction Of Interest on Home Loan?

I have bought a house in name of self and my wife. My wife is co-applicant in Home loan application well.Can both of...

Any Amount Of Interest Dedcutible if House Is Let Out

I have let out my house on rent to my father in law and I am also paying interest on housing loan availed to...

Interest u/s 24 Is Allowed Even Without Actual Payment!

A salaried person has taken housing loan, but the EMI has been paid from the account of his daughter in law.Is he eligible for...
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