House loan interest & principal benefit co - ownership
This query is : Resolved
10 August 2018
Hi..
In case of co borrowers of home loan , is it mandatory to divide the tax benefit of interest and principal under section 80c and 24b
What if , one owner is having income below taxable
In case of co borrowers of home loan , is it mandatory to divide the tax benefit of interest and principal under section 80c and 24b
What if , one owner is having income below taxable
10 August 2018
To be divided according to the ratio of ownership in the land and building.
The borrower who has below taxable limit, if he is the owner, loose the benefit and if not the owner ,question of eligibility doesn't arise.
The borrower who has below taxable limit, if he is the owner, loose the benefit and if not the owner ,question of eligibility doesn't arise.
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