Hey,
If a couple (Husband-Wife) bought a house and they are Co-owner of house in ratio of 60:40. Both are earning person. wife took a home loan on its own name from bank. (Not a joint loan).
So whether both of they are eligible deduction u/s 24b and 80C or only wife.
if Both then in which ratio?????????????
Is it mandatory to be a Co-borrower????
Home loan is given jointly even if property is not jointly owned. Here property is joint property, so wife alone would not have taken loan without co-borrower. If it is a real scenario, kindly check once again.
https://www.incometaxindia.gov.in/tutorials/income-from-house-property-practical.pdf pg 19
BOTH ARE ELIGIBLE
123
Getmyca Consultant Pvt Ltd
New Delhi
CA Inter
View Details
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
View Details
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
CCI
Pro
CAclubindia
