Law recognises dual ownership
Kamal Rathi
Q. I have taken a housing loan for extension and further construction of a self-occupied house owned by my father. For which, my father is a co-applicant. Since he does not have any income, I am paying loan instalments. Will I be eligible to claim deduction for interest and principal paid by me?
Somashekhar
Via e-mail
A. Under Section 24, a deduction can be claimed in respect of interest on capital borrowed for...
9/17/2008 7:48:32 PM
Business
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