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
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