Two Residential House in same two brother name as co onwer
This query is : Resolved
UMESH RAVANI
(Querist)
17 August 2008
whetehr two residential house held by two brother as co owner will be eligible for interest payment on income from house property and for the same matter eligible for 80 C deduction.
the question is on the light of the fact that each brother can saw separate residence as SOP.
please guide as tax planning tool
umesh
the question is on the light of the fact that each brother can saw separate residence as SOP.
please guide as tax planning tool
umesh
S.Srinivasaraghavan
(Expert)
17 August 2008
Yes. Each can claim, provided each one pays out interest from out of his taxable income.
CA.Tarun Maheshwari
(Expert)
17 August 2008
Yes. Mr.S. Srinivasaraghavan is right
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