In case 2 persons have applied for a loan on single unit of house property and only 1 person pays off the principal and interest of the loan. Then how the deduction under sec 24 and sec 80C be available to bith the persons?
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Deduction uder income tax act
Replies (2)
The ownership of the house is also important. The deductions will be allowed to the person repaying the loan in the proportion of his ownership
Shikhar
first you let us know that 1. i whose name is that property registered. 2. who is paying loan EMI
to know the right ans of your query
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