80C & Income from house loan Deductions
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 February 2011
Dear Sir we have a housing loan on me & my brothers joint name and regular installment are paid by my brothers a/c can i get rebate in income tax if i pay lumsup amount of 50000/- by cheque from my a/c in that amount principal & intrest are both included.if i get rebate how much amount i can claim in rebate. and in which head.
CMA Ramesh Krishnan
(Expert)
17 February 2011
yes.if house & housing loan both are in joint name you can also claim rebate of interest on housing loan
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