Income Tax
This query is : Resolved
11 February 2017
We are joint borowwer of IDBI home loan. Could Second borowwer get rebate on home loan interest
11 February 2017
if share of respective person is identifiable then in that ration else first name can only take benefit
11 February 2017
ratio should be checked at which point of time?
while borrowing?
31 July 2024
Ratio of Rebate:
The ratio in which the interest and principal repayment are claimed should ideally reflect the actual contributions made by each co-borrower towards the loan repayment. This ratio can be agreed upon mutually and documented.
The ratio should be consistent with the repayment pattern and can be checked at the time of filing the income tax returns.
The ratio in which the interest and principal repayment are claimed should ideally reflect the actual contributions made by each co-borrower towards the loan repayment. This ratio can be agreed upon mutually and documented.
The ratio should be consistent with the repayment pattern and can be checked at the time of filing the income tax returns.
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