Expert advice-medical

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 March 2013 Dear Expert,

Last year one of the employee get tax benefit interest on home loan 40% out of 100%interest value (HE CLAIM 40% & HIS SON CLAIM 60%)

Please suggest me current year he can claim 100% interest value i.e. Rs.150,000.00

please guide me the same

CA. PIYUSH GOEL

CA. PIYUSH GOEL (Expert)
Follow

21 March 2013 dear..

interest on housing loan is divided only there are more than one owner of the property..

otherwise only the sole owner is eligible for deduction.. irrespective of the fact that from whom account payment is made to the bank..