Can co-borrower take full interest claim benefit

This query is : Resolved

VIKAS KUMAR SHARMA (Querist)
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05 December 2020 Sir,
Can a co-borrower take home loan paid (upto1.50 lac) interest benefit if other borrower not interested to claim his portion of benefit?
If answer is yes,
Can I revised the ITR ay 2020-21 which was filled last month? Actually here claim 50% of interest on home loan while first borrower left the benefit.
Please elaborate the issue.
Regards
Vikas

Nikhil Kaushik

Nikhil Kaushik (Expert)
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05 December 2020 only if the coborrower has actually repaid the interest himself.

VIKAS KUMAR SHARMA

VIKAS KUMAR SHARMA (Querist)
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09 December 2020 Nikhil Sir,
can I revised the return ay 2020-21 filled last month and claim refund on paid tax due to 50% claim on HL interest?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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09 December 2020 yes. you can revise the return.

VIKAS KUMAR SHARMA

VIKAS KUMAR SHARMA (Querist)
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10 December 2020 thanks for prompt reply

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