Can co-borrower take full interest claim benefit
This query is : Resolved
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VIKAS KUMAR SHARMA
(Querist)
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
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
(Expert)
05 December 2020
only if the coborrower has actually repaid the interest himself.
VIKAS KUMAR SHARMA
(Querist)
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?
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
(Expert)
09 December 2020
yes. you can revise the return.
VIKAS KUMAR SHARMA
(Querist)
10 December 2020
thanks for prompt reply
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