banner_ad

Deduction u/s80(c) for 4 family members for joint property

203 views 1 replies

   4 family members,from a joint family  wants to purchase a  old bungalow  , as 2 nd residence, can bank give them HOUSING LOAN , can all Individuals claim deduction u/s 80(C)and interest  u/s 24 for the proportionate loan repayment of that housing  loan, as property will be in  the name of all the persons( mostly in equal ratio)

Replies (1)

can bank give them HOUSING LOAN ,

Yes, if not over 20 years old ......... on its depreciated value.......

can all Individuals claim deduction u/s 80(C)and interest  u/s 24 for the proportionate loan repayment of that housing  loan

Yes, if co-owners & co-borrowers......... subject to actual payments made by each.....
 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
29 April 2026
Internal Auditor

SNCO

Mumbai

CA Inter

View Details
Company
04 May 2026
Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
05 May 2026
Accountant

Sanjay K Pathak & Associates

Noida

Graduate (Any)

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details
Company
27 April 2026
Senior Accountant

Jyoti K agarwal & co

Mumbai

Others

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details