deduction u/s 24b and 80C
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 June 2011
sir,
three person took loan jointly but repayment is being made by one person, could he claim whole amount of interest & principal amount in his assessment wholly,
or by passsing journal entry all three person are elegible in his own assessment respectivaly
property is shown 1/3 in every assessee equally
please solve my querry
three person took loan jointly but repayment is being made by one person, could he claim whole amount of interest & principal amount in his assessment wholly,
or by passsing journal entry all three person are elegible in his own assessment respectivaly
property is shown 1/3 in every assessee equally
please solve my querry
CA Sanat Pyne
(Expert)
03 June 2011
No,
Deduction will be available to the extent of loan amount belongs to the assessee.
Deduction will be available to the extent of loan amount belongs to the assessee.
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