It rebate on housing loan in case of co ownership.....
This query is : Resolved
29 June 2018
SIR/MADAM,
HOW TO TREAT THE HOUSING LOAN - BOTH THE REPAYMENT OF CAPITAL AND INTEREST, IN CASE THERE IS A CO OWNERSHIP (BOTH THE APARTMENT AND LOAN ARE IN THE NAMES OF BOTH THE OWNERS)? CAN BOTH THE OWNERS ENJOY 50% OF EACH FROM THE TOTAL REPAYMENT OF LOAN CAPITAL AND LOAN INTEREST WHILE COMPUTING THE IT REBATE IN THEIR RESPECTIVE ITR FORMS? OR ONLY ONE OF THE TWO OWNERS CAN BE GIVEN IT CONCESSIONS?
I WOULD BE GRATEFUL IF SOMEONE CAN CLARIFY ON THIS SUBJECT.
- K. SURESH
HOW TO TREAT THE HOUSING LOAN - BOTH THE REPAYMENT OF CAPITAL AND INTEREST, IN CASE THERE IS A CO OWNERSHIP (BOTH THE APARTMENT AND LOAN ARE IN THE NAMES OF BOTH THE OWNERS)? CAN BOTH THE OWNERS ENJOY 50% OF EACH FROM THE TOTAL REPAYMENT OF LOAN CAPITAL AND LOAN INTEREST WHILE COMPUTING THE IT REBATE IN THEIR RESPECTIVE ITR FORMS? OR ONLY ONE OF THE TWO OWNERS CAN BE GIVEN IT CONCESSIONS?
I WOULD BE GRATEFUL IF SOMEONE CAN CLARIFY ON THIS SUBJECT.
- K. SURESH
29 June 2018
If co ownership can be proved with documentary evidence , 50 : 50 can be claimed.
29 June 2018
Answer withdrawn being repeated by mistake.
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