Claim interest deuction
This query is : Resolved
18 October 2012
Interest paid Rs.200000 on loan for purchase of house property paid equally by 2 co-owners. and all the condition satisfied for claiming deduction u/s 24(b) of Rs. 150000. the queation is - can the co-owners claim deduction of Rs. 100000.00 each
18 October 2012
Yes, It can be claimed if
1. Share of Co owner is defined in the deed.
2. if the payment is made by both the co owner.
1. Share of Co owner is defined in the deed.
2. if the payment is made by both the co owner.
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