https://www.taxtmi.com/forum/issue?id=3521 Deductions for housing loan interest and principal are claimable by the legal or benami owner of the property; interest is deductible under the house property provisions and principal under the specified deduction provision. Where funds were gifted to the owner, clubbing of income may operate to attribute income to the donor, and tax planning or accounting adjustments may be used to align ownership and entitlement to deductions. en-us Thu, 27 Oct 2011 09:50:57 +0530 Thu, 23 Jan 2025 15:58:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3521 Deductions for housing loan interest and principal are claimable by the legal or benami owner of the property; interest is deductible under the house property provisions and principal under the specified deduction provision. Where funds were gifted to the owner, clubbing of income may operate to attribute income to the donor, and tax planning or accounting adjustments may be used to align ownership and entitlement to deductions. Discussion-Forum Income Tax Thu, 27 Oct 2011 09:50:57 +0530 https://www.taxtmi.com/forum/issue?id=3521