04 January 2011
if suppose an husband and wife has purchased a house.share is 50%.now wife wants to claim deduction under 80c to 80u....and also interest paid by her u/s 24b...can she claim 100% considering the exemption limit or she can claim only 50% as she is partner of 50% only.if it is that way than can she and her husband can make an agreement that wife will b only responsible for payment...?????and than she can claim 100%...
05 January 2011
Yes... Husband can give the declaration for loan payment & also regarding Non-Claiming of any benefit under IT Act, then wife can claim 100 % benefit.
05 January 2011
Hi, 100% cannot be claimed by one,Even if declaration is there.This will be based on the pre purchase agreement & investment ration.IE 50/50 Here
CAclubindia
