Y dont you respond...
Revathi (MBA Pursuant) (109 Points)
16 August 2013Revathi (MBA Pursuant) (109 Points)
16 August 2013
Pramod
(CA Final)
(65 Points)
Replied 16 August 2013
The joint account holders (owners of the property) can claim income tax benefits individually.
R Ramu
(articles)
(49 Points)
Replied 16 August 2013
Interest in case of a joint housing loan cannot be claimed by only one person, It should be shared by both the persons in the ratio of their liability or deed between them. And repayment of principal for deduction u/s 80c should also be claimed in the same ratio as above.
Revathi
(MBA Pursuant)
(109 Points)
Replied 16 August 2013
R Ramu
(articles)
(49 Points)
Replied 16 August 2013