DEAR SIR, ONE OF MY CLIENT HAD HOUSING LOAN OF RS 3000000. IN HOUSE PROPERTY HAD THREE MEMBOURS NAME (MOTHER FATHER AND SON) AND ALSO IN HOUSING LOAN . SO MY QUESTION IS.... CAN I TAKE HOUSING LOAN BENEFITS IN US 24(B) AND 80C PARTLY IN 3 PART.
I.E.
TOTAL LOAN EMI IS 30000*12 = 360000
INTEREST = 330000
PRINCIPLE = 30000
MEMBOUR A = INTEREST 110000
MEMBOUR B = INTEREST 110000
MEMBOUR C = INTEREST 110000
MEMBOUR A = PRINCIPLE 10000
MEMBOUR B = PRINCIPLE 10000
MEMBOUR C = PRINCIPLE 10000
IS THIS POSSIBLE...
CAclubindia
