If there are two owner (A & B) of one house property of which they have taken the housing loan from bank. The loan installment was paid by B only.
Please tell me that
1. Can B take the benefit of Deduction under section 80C wholly for principle amount repaid and also can he claim the loss under the head of House property upto Maximum of 150000/-?
2. If property was letout and the rent is received half by A and half by B. Then can B claim the deduction of Interest paid to bank against his income from house property (i.e. half rent)??
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