Housing loan repayment
This query is : Resolved
23 May 2014
IN IST YEAR REPAYMENT TO JOINT LOAN BY HUSBAND & WIFE WAS RS.1,50,000 THE SAME WAS SHARED BY THEN @ 50% EACH I.E. 75,000 EACH.
IN NEXT OR SAY SECOND YEAR THEY CAN CLAIM THE SAME @ 60:40 I.E. 90,000 AND 60,000 FOR HOUSING LOAN BENEFIT
RAMAKANT
IN NEXT OR SAY SECOND YEAR THEY CAN CLAIM THE SAME @ 60:40 I.E. 90,000 AND 60,000 FOR HOUSING LOAN BENEFIT
RAMAKANT
23 May 2014
Nope they can not... Allowability of claim depends on proportion of Joint Ownership and loan should be applied jointly.... To claim housing loan certificate is required from lender at the end of the year, so if loan is not in joint name husband or wife may not be able to claim benefit....
26 May 2014
AGAIN I AM SUBMITTING MY QUIERY
JOINT LOAN HUSBAND AND WIFE- REPAYMENT STARTED 2013-14.
IN THE YEAR 2013-14
YEARLY REPAYMENT 1,50,000
THE HUSBAND AND WIFE CLAIMED IN EQUAL RATIO I.E. 75,000 EACH.FOR THE INCOME TAX
IN THE YEAR 2014-15
YEARLY REPAYMENT WILL BE RS.1,50,000
NOW CAN THEY CHANGE THE RATIO ?
YEAR 2014-14 CAN THEY OBTAIN THE 90,000 AND 60,000 RESPECTIVELY
SORRY I COULD NOT ABLE TO ILLUSTRATE WHAT I WANT TO SUBMIT
RAMAKANT
JOINT LOAN HUSBAND AND WIFE- REPAYMENT STARTED 2013-14.
IN THE YEAR 2013-14
YEARLY REPAYMENT 1,50,000
THE HUSBAND AND WIFE CLAIMED IN EQUAL RATIO I.E. 75,000 EACH.FOR THE INCOME TAX
IN THE YEAR 2014-15
YEARLY REPAYMENT WILL BE RS.1,50,000
NOW CAN THEY CHANGE THE RATIO ?
YEAR 2014-14 CAN THEY OBTAIN THE 90,000 AND 60,000 RESPECTIVELY
SORRY I COULD NOT ABLE TO ILLUSTRATE WHAT I WANT TO SUBMIT
RAMAKANT
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