Joint home loan
This query is : Resolved
Navin M Patel
(Querist)
25 July 2011
A husband and a wife has taken home loan about 11,00,000/- emi is 8452/- per month. Registration of the said home in both (husband and wife) name. My question is both are eligible under 80C deduction of principle amount. EMI has deducted in joint Bank Account.
Navin
Navin
CA Navin Jain
(Expert)
25 July 2011
yes, both are eligible for deduction under sec 80c and sec 24b extent to their loan ratio
CA Navin Jain
(Expert)
25 July 2011
yes, both are eligible for deduction under sec 80c and sec 24b extent to their loan ratio
CA Suresh Choudhary
(Expert)
25 July 2011
Yes agree with expert.
25 July 2011
i agreee
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