Loss on Housing Property

Tax queries 503 views 1 replies

Both husband and wife are owners of the house(flat) and the loan  is also availed by both(co-borrowers).  Whether, the Principal reapyment under section 80c to be approinted between them 50:50?  In case  any one of the already reached RS.1,00,000/- under section 80c without the repayment of housing loan(principal), whether the second one can claim the entire amount  after getting a certificate from the first one that he/she not availing this benefit?  Is it legally tenable.  It is only for the principal, but the interest is divided 50:50.

Replies (1)

80C deals with actual payments from current year taxable income, not with the agreement from the 2nd holder,


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details