10 December 2010
SIR I DON'T KNOW FOLLOWING TO TWO QUETION
Q-1
TWO BROTHER TAKE A HOUSING LOAN IN BANK HOW DO INTEREST DEDUCTION TAKE A INCOME TAX AND FIRST BROTHER NAME IN HOSING AGREEMENT PLEASE GIVE ME A ANSWARE
Q- 2
TWO BROTHER TAX PLANNING OF FIRST BROTHER NAME IN HOUSE AGREEMENT & FIRST BROTHER GIVE A SECOUND BROTHER OF RENT WITH RENT AGREEMENT
FIRST BROTHER INCOME OF RENT & SECOUND BROTHER EXPENCE OF RENT
PLEASE INFORME THIS TRUE YES OR NO AND FIRST BROTHER A RENT INCOME TAKE A INCOME TAX SECOUND BROTHER RENT EXPENCE TAKE A INCOME TAX
10 December 2010
Q.1. Only the owner of the property & loan applicant can take the deductions, if the agreement and loan having one person name the particular person only can take the deduction
Q.2. 2nd person take the rent deduction,if he is salaried employee through HRA,if he is self employed through Sec.80GG
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