Tax benefit on housing loan
This query is : Resolved
31 January 2018
whether Both the owners of the house can be eligible for deduction for interest and Principal amount 50:50 during A.Y. 2018-19? and whether in case of second house the eligibility will differ?
03 February 2018
IT IS IN THE RATIO OF LOAN TAKEN. THUS IF CO-APPLICANTS, AND ARE REPAYING THE LOAN IN EQUAL RATION THEN INTEREST AND PRINCIPLE CAN BE CLAIMED IN 50:50. SAME IS THE CASE OF SECOND HOUSE.
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