Rebate in payment of home loan u/s 80c
This query is : Resolved
14 February 2014
sir me and my wife both are teacher . we have taken a home loan in our joint name and we are regularly paying interest on our home loan . now my questions are
1) can i be able to take advantage of interest paid in income tax ?
2) can we both share partially the interest to take advantages in income tax .
1) can i be able to take advantage of interest paid in income tax ?
2) can we both share partially the interest to take advantages in income tax .
14 February 2014
yes..answer to both the questions is yes.
15 February 2014
Mr. kaushik thanks for your reply but if am not wrong than for FY 2013-14 we have Sec 80EE but for FY 2012-13 this sec was not there . So i want to ask the same questions for for FY 2012-13
15 February 2014
Dear Animesh,
who is talking about section 80EE here..my answer was for 24B and 80C. 80EE shall be applicable only for new loans, that too subject to conditions provided under 80EE.
who is talking about section 80EE here..my answer was for 24B and 80C. 80EE shall be applicable only for new loans, that too subject to conditions provided under 80EE.
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