02 March 2010
If a property ( home) is to be purchase & registered in name of A and Person X & Y (other family member) wanted to taken a home loan-jointly for purchase of said property
As per Income tax provision is it allowable to claim interest on home loan & deduction on repayment of principal amount by X & Y?
if not what could be other possible options for claiming intt. & principal repayment benefit, as A is non-earning & X & Y both earning person?
CAclubindia
