https://www.taxtmi.com/forum/issue?id=105659 A property bought purportedly for the HUF will be treated as joint ownership by the titled family members and not automatically as HUF property; tax deductions for principal repayment and interest on a housing loan follow the actual registered owner and the use of the property. Depreciation is allowable only where the property is used for business or profession, so reconstruction costs do not generate depreciation unless the property is put to qualifying business use, while loan interest and principal may be claimed to the extent permitted by tax law. en-us Fri, 10 May 2013 13:51:42 +0530 Thu, 23 Jan 2025 15:57:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=105659 A property bought purportedly for the HUF will be treated as joint ownership by the titled family members and not automatically as HUF property; tax deductions for principal repayment and interest on a housing loan follow the actual registered owner and the use of the property. Depreciation is allowable only where the property is used for business or profession, so reconstruction costs do not generate depreciation unless the property is put to qualifying business use, while loan interest and principal may be claimed to the extent permitted by tax law. Discussion-Forum Income Tax Fri, 10 May 2013 13:51:42 +0530 https://www.taxtmi.com/forum/issue?id=105659