interest on loan
This query is : Resolved
Saurabh Toshniwal
(Querist)
15 September 2010
suppose a house is self occupied by 3 persons. they had also taken loan for this house & interest is rs. 800000 p.a.
now my questions are
1. what will be the deductible amount of above interest if all 3 persons have equal share in house &
2. what will be the deductible amount of above interest if there is no specific share in house.
now my questions are
1. what will be the deductible amount of above interest if all 3 persons have equal share in house &
2. what will be the deductible amount of above interest if there is no specific share in house.
Aditya Maheshwari
(Expert)
15 September 2010
1. Max 150000 each to all three
2. It should be in some ratio to justify claim of interest.
2. It should be in some ratio to justify claim of interest.
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