Regarding housing Loan
This query is : Resolved
Anil Chavan
(Querist)
13 August 2008
Hi Sir / Madam
Our employee has taken housing loan from bank. And the house property is owned by the three persons,viz his brother, his brothers wife & himself. he is paying the full amount of installment from his bank & he want to get benefit of home loan against income tax. Can he get full benefit of home loan or as he is a co-owner, on that behalf he is getting benefit of his share only?
Regards
Anil
Our employee has taken housing loan from bank. And the house property is owned by the three persons,viz his brother, his brothers wife & himself. he is paying the full amount of installment from his bank & he want to get benefit of home loan against income tax. Can he get full benefit of home loan or as he is a co-owner, on that behalf he is getting benefit of his share only?
Regards
Anil
Manish Karwa
(Expert)
13 August 2008
He can take full benefit, but he must declare that nobody other is taking the same benefit.
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