Sec80C benefit for co-owner not co-borrower
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?
In your case if your client is co owner of the home but the loan is is the name of wife, then only his wife can claim the benefit of section 24 as well as 80C.....Its better to advice your client to take laon in his name also to get the dual benefits...
Querist : Anonymous
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