deduction under section 80C regarding home loan repayment
This query is : Resolved
26 December 2009
Dear Sir/ Ma'am,
I have a Joint property in my n my wife's name.
Loan is on my name.
Can both of us claim 50% deduction for both the principal as well as the interest part.
I have a Joint property in my n my wife's name.
Loan is on my name.
Can both of us claim 50% deduction for both the principal as well as the interest part.
26 December 2009
Loan should have been to joint name also. So only u will be able to claim the deduction
26 December 2009
Loan as well as repayment should be made by both of u by Joint Account or any other mode by 50% each
27 December 2009
agree with both experts
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