TaxTMI 
TaxTMI 
TaxTMI 
House Property taken in joint names
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....ouse Property taken in joint names<br> Query (Issue) Started By: - VIVEK AHUJA Dated:- 12-12-2014 Last Reply Date:- 26-12-2014 Income Tax<br>Got 4 Replies<br>Income Tax<br>I want to know if a house pr....
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....operty is in joint name of retired father and son. All the EMI of Land Cost and building Cost, Registry Cost, all correspondence takes place with the son which can be cross-checked by interest-princip....
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....al certificate in which only son name is written. Also, the client has paid full balance land loan by his saving account and the building loan EMI he is paying from starting. So, can son taken full i....
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....nterest deduction and full principal deduction in his income tax return. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Dear Sir, Whether the father contributed any amount for the said property? If no....
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....t the son can utilize full principal and interest. M. Govindarajan Reply By VIVEK AHUJA: The Reply: Father has not contributed anything. But, how to justify the above point at income tax department....
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..... Like any case law is there to be quoted. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Dear Sir, You can show all the payment made by you for the house property by your own sources and the name of ....
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....the father is added in the title deed only on love and affection. Regards, M. Govindarajan Reply By VIVEK AHUJA: The Reply: Ok Thnx. Sir<br> Discussion Forum - Knowledge Sharing ....