Housing loan
shashikant havanur (1 Points)
09 December 2019shashikant havanur (1 Points)
09 December 2019
Kapadia Pravin
(17259 Points)
Replied 10 December 2019
CA Kiran Sutrave
(CA)
(428 Points)
Replied 10 December 2019
According to me, the transaction done is incorrect. Income, interest paid, principal paid etc. will be divided as per the share in the property. For example, if the share in the property is 50:50, then you claim benefit only to the extent of 50%. If you are repaying the entire loan, even then you can claim benefit only to the extent of your share in property i.e. 50% (as per the example is given above)
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