19 February 2012
if there is a loan in joint name , will benefit of 1.5 lakhs each will be given to both or a single limit of 1.5 will be given in ownership proportion
19 February 2012
If both the borrowers are making payment, and interest payable is Rs. 3.00 lac or more, both may enjoy the limit, in proportion to their respective borrowings. . 1.50 lac limit applies to each co-owner.
CAclubindia
