two I.t. Assess purchases of house property value rs: 30 lacs.rents income amount two persons equal shared .if a purchases of house property value rs:30 lacs payment through on bank mode 2nd Holder bank account paid.
question:
purchases of house property value show in 1st or 2nd Holder books and returns
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Ist holder required to pay half amount to second holder of property
Ist holder required to pay half amount to second holder of property
It can be shown in both the Joint Holders Account. Both the Account Holders will be eligible to claim deduction towards Interest on Housing loan U/s 24(b) of the Income Tax Act 1961.
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