Which of the following cannot claim deduction for the loan taken to purchase a house property

CS Executive · Tax Laws and Practice · PYQS · June 2015
Which of the following cannot claim deduction for the loan taken to purchase a house property
(A) Karta, in respect of property purchased by HUF
(B) An individual, in respect of property purchased by him
(C) Partner, in respect of property purchased by the firm
(D) Spouse of an individual, in respect of property purchased jointly by the individual and his/her spouse.

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax

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