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
CA Prashant Gupta
(Expert)
08 March 2013
agree with CA Ashish
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- Nursery business
- Working on Gold wastage during Melting of old gold jewellery
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST input credit on commercial property
- ETDS return q4 25-26
- Gift to nri relatives residing in usa
- Intimation under section 245
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
