Housing loan
This query is : Resolved
06 December 2012
Hello,
X is father of Y. They both are co-owners of a property. they took a loan from bank. Y is paying full EMI of loan. So, My question is that whether Y is eligible for claiming full deduction of under section 24.
X is father of Y. They both are co-owners of a property. they took a loan from bank. Y is paying full EMI of loan. So, My question is that whether Y is eligible for claiming full deduction of under section 24.
06 December 2012
if X is dependent on Y, in that case you can claim the full amount u/s 24 and 80C (for interest & principal respectively).
06 December 2012
If X is not dependent on Y & filing his own return then what will be the situation.
08 December 2012
BOTH THE PERSON SHALL GET THE DEDUCTION EQUALLY IRRESPECTIVE OF WHO IS PAYING.
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