How to claim deduction if Joint housing loan
Querist : Anonymous
Please advise URGENTLY:
How the amount of Principle and Interest amount can be claimed if housing loan is taken jointly.
Thanks and regards,
Ramesh
If the ratio is equal-
Divide Principal Repayment
Divide Interest Payments
proportionately and claim.
Each of the co-owners can claim Maximum
1.50 lac in respect of interest and maximum 1.00 in respect of principal repayment. If the amounts are lesser, lesser claims will be allowed.
Querist : Anonymous
Click here to login now
Similar Resolved Queries
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
