Housing loan

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 February 2014 plese help me..

i heard that, if I have a home loan in which I am a co-applicant. However, the total EMI amount is paid only by me. i can claim full value of EMI for deduction 80C & u/s 24?

is this right? Pls tell me under which circular / notification clarifying about this?

thanks in advance

Nikhil Kaushik

Nikhil Kaushik (Expert)
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28 February 2014 there is no need to search for any circular or notification. The act itself is sufficient. Nowhere it is written in the act that to claim 80C/24b benefits, you need to be the whole and sole owner of the property. It is as simple as this - your assessment is independent of other owners.

You have all the rights to claim full benefit of the repayments.

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