Housing loan taken by father & 2 children. Father deceased last month. whether 2 children both can avail the exemption on repayment of housing loan.
3 Replies
CA Sripal Jain
(Associate Finance)
(709 Points)
Replied 14 November 2011
yes they can avail the loan provided if they r join owners of the property,in your case its clear tht all the three r owners so there is no problem in taking exemption
Aashutosh Agrawal
(JOB)
(66 Points)
Replied 30 November 2011
Hello,
Can an Assessee avail exemption for Interest and Principal Repayment for loan Taken from a Public Company where he is employee, whose objective is NOT to provide finance for Purchase of House.
An early reply will be appreciated.
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 30 November 2011
company's objective should be finance only...... then he will get deduction under section 80C otherwise not...
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