Easy Office
LCI Learning

Can co-borrower take full interest claim benefit

This query is : Resolved 
Profile Image

Profile Image

(Querist)
05 December 2020 Sir,
Can a co-borrower take home loan paid (upto1.50 lac) interest benefit if other borrower not interested to claim his portion of benefit?
If answer is yes,
Can I revised the ITR ay 2020-21 which was filled last month? Actually here claim 50% of interest on home loan while first borrower left the benefit.
Please elaborate the issue.
Regards
Vikas
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
05 December 2020 only if the coborrower has actually repaid the interest himself.
Profile Image

VIKAS KUMAR SHARMA

Profile Image

VIKAS KUMAR SHARMA (Querist)
09 December 2020 Nikhil Sir,
can I revised the return ay 2020-21 filled last month and claim refund on paid tax due to 50% claim on HL interest?
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
09 December 2020 yes. you can revise the return.
Profile Image

VIKAS KUMAR SHARMA

Profile Image

VIKAS KUMAR SHARMA (Querist)
10 December 2020 thanks for prompt reply

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links