Aashish Jain (Student) (103 Points)

14 March 2009  

Hello everyone,

The Query pertaining to Deduction u/s 80-C is:

If a working couple (salaries of both taxable) purchases a property (House/ Flat/ Residential unit, etc. eligible u/s 80-C) jointly and equal amounts of housing loans are sanctioned to both of them for purchasing the same property from a Housing Finance Institution based on their respective income eligibilities, then, if either of them pays the collective EMI thru his bank account then what will be the available deduction u/s 80-C to both or any of them???

Pls. post ur suggestions.