Sec 80C benefit on housing loan
Querist : Anonymous
Can my client get the income tax benefit under sec 80C and 24B against the repayment of the loan paid from his wife's account?
But Sec.80C no such provisions actual payer can claim the principal u/s.80C
Querist : Anonymous
My client is a co-owner. But he is not the home loan borrower (his wife is). Can my client claim exemption under sec 80C for principal repayment even though he is not the co-borrower?
https://taxworry.com/can-a-person-get-deduction-of-interest-paid-on-more-than-one-loan-borrowed-for-purchase-or-construction-of-house/
Querist : Anonymous
So it means that a person will only get deduction under sections 80C and 24B only if he is both a co-owner and co-borrower. Absence if eith case will not make him ineligible to claim deduction under the above sections.
Querist : Anonymous
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