interest u/s 24
This query is : Open
Ankit Kumar Singal
(Querist)
19 March 2017
in case of joint loan can a single assessee can claim full amount of interest in his ITR.
ownership is 50-50%. person who want to claim is paying whole of the interest amount.
KAVIRAJA ADDANGADI
(Expert)
19 March 2017
If loan paid by assassee can claim full interest amount provided other applicant should not claim interest amount in his/ her tax return.
Murtaza I Bhagat
(Expert)
20 March 2017
For that all EMI payment should be gone from single person/assessee who is claiming deduction in income tax return but second person will not have to take any tax benefits as said by expert.
Ankit Kumar Singal
(Querist)
20 March 2017
thanks guys
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