the property is in the name of my uncle, now he want me to become the co borrower , so whether i can take tax deduction under section 24 b with respect to interest.

The requirement of Section 24(b) where the property has been acquired, constructed, repaired, renewed, or reconstructed with borrowed capital, the amount of any interest payable on such capital is allowable.  The deduction can be claimed while computing the income from house property . On the facts  the income from house property is not offered in the hands of co -borrower . Facts also not clear whether the co -borrower is co -owner .  on the facts the assessee may not  be eligible to claim deduction. under section 24(b) of the Act. In  ITO v. Mamta Rajivkumar Agarwal (Smt.) (2022) 100 ITR…

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  interest paid on personal loan

I have paid interest on personal loan taken for acquisition of a capital asset  . i want to claim  the interest paid by adding to the cost of the asset . can I have case laws allowing the same as my Ao has disallowed the same

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  Sec 24 b

If property is in name of my wife who is sole owner, and loan is in my name ,the sole borrower. How could I take advantage of deduction under sec 24 b??

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