Can co-borrower take full interest claim benefit
This query is : Resolved
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
05 December 2020
only if the coborrower has actually repaid the interest himself.
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?
09 December 2020
yes. you can revise the return.
10 December 2020
thanks for prompt reply
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- Gift of mutual fund units to daughter
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Bank Accounts in Balance Sheet for ITR 3
- Form 10BD Filling
- TDS ON CASH WITHDRAWALS...
- Pan Card apply for Self help group
- Reporting of STCG on Property in ITR
- Error while filling exam form November 2026
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
