Fema-Freight remittance limit
This query is : Resolved
ANSHUMAN KHANDELWAL
(Querist)
03 March 2009
What is Freight remittance limit in FEMA beyond which RBI permission is required?
03 March 2009
Me and my brother are co-owner of flat.
Housing Loan Interest is Rs.2,00,000/-, we are repaying the housing loan equally.
Can me and my brother take deduction of Rs.1,00,000/- each from Income from House Property U/S 24.
Housing Loan Interest is Rs.2,00,000/-, we are repaying the housing loan equally.
Can me and my brother take deduction of Rs.1,00,000/- each from Income from House Property U/S 24.
03 March 2009
yes Rs 1 lakh each can be claimed provided the money is borrowed on or after 1/4/1999.
CA Hemant T Dewani
(Expert)
03 March 2009
if the flat is in both's name & installment are paid equally then you will take benefit
chetan soni
(Expert)
03 March 2009
Yes you can both can take advantage of Rs.1L each.
03 March 2009
i support the expert.
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