proportion of housing loan deduction
This query is : Resolved
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.
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
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- CG Tax On residential property
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Form 10BD Filling
- TDS ON CASH WITHDRAWALS...
- ESIC- Employee Registration
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
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
