Query on tax deduction for housing loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 November 2010
Helo,
To avail tax deduction under section 80C and section 24B for housin loan (taken for acquiring new house), should a person be both co-owner as well as co-borowwer? Or can he be only the co-applicant to the housing loan?
Please advice for financial year 2010-11.
To avail tax deduction under section 80C and section 24B for housin loan (taken for acquiring new house), should a person be both co-owner as well as co-borowwer? Or can he be only the co-applicant to the housing loan?
Please advice for financial year 2010-11.
16 November 2010
Person must be co-owner and co-applicant. Just because of he is co-applicant he can not get benefits of above section.
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