This is the case of home loan.
SBI puts the co borrower (second applicant for home loan) as loan guarrantor in its documents.
If the co borrower (second applicant) is also the joint owner of the property then Can the person claim for IT benefits incurred from home loan ?
Sir there has been a lot of related discussions on this topic..I suggest u go thru the forum..Even i can help you by posting few threads..I hope i helps you sir...
I could not locate the particular case I have mentioned in the threads.
The case is particular in following way -
"The second applicant is placed as loan guaranter in the loan documents."
So question is if guaranter is paying back the money (we can have the account statement for EMI deductions) is he liable to have the tax benefits ?
CAclubindia
