Housing loan
This query is : Resolved
13 May 2011
My brother and I both have taken housing loan jointly 50% each share.
But Interest and principal amount both clear from my bank accounts. So, my query is, can my brother get 50% deduction under 80c on principal amount and 50% deduction on interest amount? We confuse here because payment cleared from my bank account not my brother bank account.
But Interest and principal amount both clear from my bank accounts. So, my query is, can my brother get 50% deduction under 80c on principal amount and 50% deduction on interest amount? We confuse here because payment cleared from my bank account not my brother bank account.
13 May 2011
U BETTER TAKE CHEQUE OF UR BROTHER'S SHARE SO THAT HE CAN ALSO CLAIM THE DEDUCTION
CA MANOJ GUPTA
JODHPUR
09828510543
CA MANOJ GUPTA
JODHPUR
09828510543
13 May 2011
FIRST THING THAT BOTH OF YOU SHOULD BE COOWNER OF THE HOUSE OTHERWIESE THIS DED NOT AVAILABLE.AND IF CO OWNER THAN U CAN TAKE 50% EMI PART FROM YOUR BRO AND CLIAM DED
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Inventory of finished goods
- Tds on building rent monthly
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- RCM INVOICING FROM NOV-2024
- Disallowance of Section 43B(h) to sez units
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- GST Regis.
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Confusion around Form 26QB fields
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
