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Deduction under joint home loan

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student
52 Points Joined March 2016
There is a joint home loan of husband wife in a bank & installment is deducted from their joint account.. Then who will be eligible for deduction under Section 80
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On 20 June 2017 at 13:08 Report
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SEO Sai Gr. Hosp.
211539 Points Joined July 2016

Both can claim the deduction upto payments made, provided both are co-owner in the property.

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On 20 June 2017 at 13:10
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student
52 Points Joined March 2016
Is it mandatory to have an agreement regarding proportion of payment made towards home loan
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On 20 June 2017 at 13:17
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SEO Sai Gr. Hosp.
211539 Points Joined July 2016

No, but stick to ownership ratio as defined in original purchase agreement, or  50:50.

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On 20 June 2017 at 13:39
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student
52 Points Joined March 2016
Thank you
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On 20 June 2017 at 13:42
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student
52 Points Joined March 2016
Thank you
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On 20 June 2017 at 13:42
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SEO Sai Gr. Hosp.
211539 Points Joined July 2016

Most Welcome

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On 20 June 2017 at 14:30

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