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house loan repayments.
joint purchase of house by bank loan. can both (husband & wife) claim rebate u/s 80 c on principle and interest payments.F.y. 17-18.
Replies (4)
Yes, provided both are co-owner of the property.
both are co-owners what is individual amt that can be claimed for interest and principal amt paid.
For each co-owner 80C deduction upto 1.50 lakhs (upto actual paid amount subject to aggregate of any other investment under the section)
Interest deduction u/s. 24b of 2 lakhs each subject to amount actually paid by individual.
You can claim Percentage of share..
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