Rebate on home loan interest and principle paid

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ASHVINI (Querist)
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20 December 2014 sir,
amongst two borrowrs (applicant and co applicant) who enjoys the tax benefit if both are paying the loan installments

CA Kumar Mukesh (Expert)
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21 December 2014 Yes both are eligible for deduction for Interest under section 23(b) as well principle amount under section 80c

Rupesh Jain (Expert)
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22 December 2014 YES BOTH TAKE THE BENEFIT IF THEY CO OWNER AND PAY THE EQUAL AMOUNT OF INSTALLMENT.

ASHVINI (Querist)
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13 January 2015 WHAT IF CO BORROWER IS NOT CO OWNER OF PROPERTY

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