deduction on housing loan
This query is : Resolved
16 July 2009
I have taken 2 housing loan both jointly with my 2 brothers.one for purchase of house and one for rennovation of the same house. total amount of loan is Rs. 35 lacs. repayment of principal during the last financial year is 20406/- and intt. amount is 413118/-. 1st name in the loan agreement is of my brother. I want to know the deduction which i can avail during the file of I.Tax Return.
16 July 2009
if the loan/property is on joint name then every joint holder can avail the deduction as per there share.
80C - Repayment of Principal
Interest - Loss under the head House Property. (upto 150,000 per holder)
80C - Repayment of Principal
Interest - Loss under the head House Property. (upto 150,000 per holder)
16 July 2009
Agreed with tilak
16 July 2009
Your question is not very clear, please tell dear who is making the loan repayment......
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
- Itr 1 processing
- Off Market debit and credit transaction
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR returnFY25-26
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR validation error - Balance sheet is not filled
- Article ship defecit
- 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
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
