Exemption U/s 80C & 24
This query is : Resolved
CS Ashish Jain
(Querist)
22 September 2009
I want to take a home loan in the joint name with my brother in equal proportion can we both claim the exemption from income tax for the repayment of principal and interest paid by both of us.
in future if we want to change the loan proportion and claim the exemption accodingly can we do so.
in future if we want to change the loan proportion and claim the exemption accodingly can we do so.
22 September 2009
yes both of u can claim deduction and also u can change it in the following year
Message likes :
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CA Suresh Choudhary
(Expert)
22 September 2009
Devanshi Gandhi is Correct but in my view no banks are providing home loan to two brother in Joint name.
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