Hi,
I have a home loan along with 3 co-owners and co-borrowers. All four have been paying 25% of the EMI and claiming the same in our tax returns for past 2 years. Now 2 of the owners have decided to move out of India and hence will not be able to pay EMIs. Can the other 2 owners continue to pay the full EMI and claim 50% benefit each from this financial year ?
All the owners are in relation with each other.
Hey anyone from the forum can reply on this ?
K R Kiran Kumar & Associates
Bengaluru
CA Inter
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My Legal Tax Consultants Pvt. Ltd.
Noida
CA Inter
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Eshwar & Co Chartered Accountants - Nungambakkam
Chennai
CA Inter
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CCI
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CAclubindia
