proportion of housing loan deduction
This query is : Resolved
kamal sood
(Querist)
05 January 2011
Dear All,
Hi.......
If there is a joint housing loan taken by a husband and his spouse, then on which proportion deduction u/s 80C will be given.
If for 2010-11 housing loan repayments are being made by the husband alone then whether there can be proportionate deduction or the husband alone will be liable to deduction u/s 80C.
Hi.......
If there is a joint housing loan taken by a husband and his spouse, then on which proportion deduction u/s 80C will be given.
If for 2010-11 housing loan repayments are being made by the husband alone then whether there can be proportionate deduction or the husband alone will be liable to deduction u/s 80C.
CMA Ramesh Krishnan
(Expert)
14 January 2011
If the House & loan both in joint name then the 80C deduction will take proportionalty & Interest deduction can be claim both as normal deduction, In case only loan joint name then deduction only available for owner of the house
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- TDS on Fixed Assets purchased
- TDS on purchase of under construction property from a reseller
- GST Intimation due to Government took possession of Business Premises under PPE Act
- SALARY CAN BE CAPITALIZE
- Non filing of I T Returns
- Capitalgain tax purposes for valuation report compulsory
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
