Housing loan
This query is : Resolved
13 May 2011
My brother and I both have taken housing loan jointly 50% each share.
But Interest and principal amount both clear from my bank accounts. So, my query is, can my brother get 50% deduction under 80c on principal amount and 50% deduction on interest amount? We confuse here because payment cleared from my bank account not my brother bank account.
But Interest and principal amount both clear from my bank accounts. So, my query is, can my brother get 50% deduction under 80c on principal amount and 50% deduction on interest amount? We confuse here because payment cleared from my bank account not my brother bank account.
CA MANOJ GUPTA
(Expert)
13 May 2011
U BETTER TAKE CHEQUE OF UR BROTHER'S SHARE SO THAT HE CAN ALSO CLAIM THE DEDUCTION
CA MANOJ GUPTA
JODHPUR
09828510543
CA MANOJ GUPTA
JODHPUR
09828510543
CA H M JOHARI
(Expert)
13 May 2011
FIRST THING THAT BOTH OF YOU SHOULD BE COOWNER OF THE HOUSE OTHERWIESE THIS DED NOT AVAILABLE.AND IF CO OWNER THAN U CAN TAKE 50% EMI PART FROM YOUR BRO AND CLIAM DED
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