Suppose, Me (A) & my brother (B) have taken Housing loan and the Principal component repayable p.a. is Rs. 10,000/- and Rs. 40,000/- as Interest.
Query:- Can I be able to claim (solely) the whole of the sum payable as Principal repayment of Rs. 10,000/- U/S 80C and payment of Interest component of Rs. 40,000/- U/S 24(b)...??
yes .... principle amount can be claimed in 80c and interest part in section 24
Regards
MS Kabra
You can claim interest and Principal based on Your share in Joint Ownership
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
View Details
Hema Yashwanth & Associates
Chennai
B.Com
View Details
CCI
Pro
CAclubindia
