Housing loan in joint loan
This query is : Resolved
14 May 2015
Housing loan of Rs. 10 Lacs taken from bank in jont name by me & my mother. but property is wholly owned by my mother.
Now I am paying 100% of EMI in our own A/c can I claim Interest & Principal amount in our ITR.
Now I am paying 100% of EMI in our own A/c can I claim Interest & Principal amount in our ITR.
14 May 2015
You need to be co-owner as well as co-applicant to claim interest and principal benefits.
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