I have constructed a house availing a loan jointly with my wife from the scheduled bank where she works.The repayment is deducted from wife's salary alone .We are co-owners of the property and joint applicants for the loan .(property ownership in 50:50) The Principal repayment during this financial year will be Rs.153840. My wife needs Rs.102000 to reach the limit of Rs.150000 under section 80C. Bank has issued a certificate showing splitup of principal repayment and interest payment during the year. My query is if I can avail the balance available in principal repayment ( Rs.153840- Rs. 102000= Rs.51840 ) for my deduction under section 80C.
Joint housing loan repayment and 80c
Replies (2)
Yeah u can get the same
Hello,
u/c 80C Person repaying the loan only claim the deductin. In your case your wife is paying whole amount.
Better hoga aap Rs- 51840 apne bank a/c se apni wife ke bank a/c me transfer kar do.Now both of you can claim separate deductions in your income tax returns.
kuch v problem hone se aap apna bank statement dekha kar proof kar sakte ho ki Rs-51840 aap paid keye ho.
Recent Topics :
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
Related Topics :
CAclubindia
