Dear Sivaram
u r rite in case both properties are self occupied but if assessee has actually let out Mumbai property then only Indore property can be claimed as self occupied..
Regarding Insurance u r bang on..
Home Loan Query
Page no : 2
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 08 January 2010
Thank U Mr Amir for giving your valuable reply
anurag pimpalwar
(engineer)
(24 Points)
Replied 18 March 2011
dear sir,
i am perches new house and i am the single onwer of that house but while taking loan my father was co applecant and now i got provisional certificate from bank of name me & my father. thats the reason i got only 50 % tax benit on loan. can i avail 100 % tax benifit. on other hand my father is not availing any tax benifit for same property. plese suggest
Pankaj Arora
(Learner)
(3134 Points)
Replied 18 March 2011
if you are paying full EMI from your account than visit to your bank branch and you can request to bank manager that remover com applicant and add your father name as guarantee….
anurag pimpalwar
(engineer)
(24 Points)
Replied 18 March 2011
dear sir,
i am perches new house and i am the single onwer of that house but while taking loan my father was co applecant and now i got provisional certificate from bank of name me & my father. thats the reason i got only 50 % tax benit on loan. can i avail 100 % tax benifit. on other hand my father is not availing any tax benifit for same property. is their any clause to availe 100% tax benifit
anurag pimpalwar
(engineer)
(24 Points)
Replied 18 March 2011
bank is not ready to do any changes,they say their is clause according to that if ur father is not availing any tax benifit than u can avail 100% tax benifit.plese told me regarding clause
Pankaj Arora
(Learner)
(3134 Points)
Replied 18 March 2011
Yes if your father is not taking any deduction of interest than you can take 100 % deduction…
anurag pimpalwar
(engineer)
(24 Points)
Replied 18 March 2011
what is the procedure do same, can u suggest clause for that
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