Housing loan
This query is : Resolved
24 December 2015
Can co borrower have eligible to avail full deduction of whole repayment.
25 December 2015
If borrower is not having any income , if Co borrower pays entire EMI he can claim full deduction. Otherwise both can claim 50% by holding 50% share.
25 December 2015
The status of co-borrower alone is not enough but co ownership is a must to claim proportionate deduction u/s 24(b) and 80C, but can't avail full deduction.
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