Housing loan & inetrest deduction
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 March 2013
Dear Expert
Incase of Housing loan deduction for owner and Co owner, please answer the below
Can owner take only EMI principal amount deduction up to Rs. 1 lac and Co owner for Int up to 1.5 Lac OR it is mandatory for both EMI/Interest amount should be taken proportionately between owner and co owner.
Incase of Housing loan deduction for owner and Co owner, please answer the below
Can owner take only EMI principal amount deduction up to Rs. 1 lac and Co owner for Int up to 1.5 Lac OR it is mandatory for both EMI/Interest amount should be taken proportionately between owner and co owner.
Guest
Guest
(Expert)
08 March 2013
deduction will be available to both person
in case of principal amount within limit of 80(C)
in case of interest rs. 1,50,000 to both individually
in case of principal amount within limit of 80(C)
in case of interest rs. 1,50,000 to both individually
08 March 2013
agree with CA Ashish
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