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Income Tax - Highlights / Catch Notes

Home Highlights January 2017 Year 2017 This

Addition being 50% of the interest on housing property - in the ...


Court Rules Husband Can Claim 50% Housing Interest Deduction Despite Spouse as Co-Owner Without Financial Contribution.

January 30, 2017

Case Laws     Income Tax     AT

Addition being 50% of the interest on housing property - in the absence of any actual financial contribution for acquiring the asset the mere addition of the name of the spouse as a coowner by itself can not be the determinative criteria denying the deduction claimed by the husband - AT

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