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Housing loan repayment
Housing loan is taken in the name of two persons and the repayment is made by only one person.House property is in the name of the two persons.Is it possible for the person making the repayment to claim the the exemption for the amount paid by him under Section 80C.Please let me know if there are any departmental clarifications.
Replies (4)
it is clearly mention in section which stays pewrson paying the entire amount is eligible for deduction fully even though he might be co-owner.
i m satisfy with nitesh
i m satisfy with nitesh
i m satisfied for 80c but deduction u/s 24 shoild be taken by both ie, this sec provide deduction on accrual basis but 80c provide on payment basis
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