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Fema-Freight remittance limit

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(Querist)
03 March 2009 What is Freight remittance limit in FEMA beyond which RBI permission is required?
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(Querist)
03 March 2009 Me and my brother are co-owner of flat.
Housing Loan Interest is Rs.2,00,000/-, we are repaying the housing loan equally.
Can me and my brother take deduction of Rs.1,00,000/- each from Income from House Property U/S 24.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
03 March 2009 yes Rs 1 lakh each can be claimed provided the money is borrowed on or after 1/4/1999.
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CA Hemant T Dewani

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CA Hemant T Dewani (Expert)
03 March 2009 if the flat is in both's name & installment are paid equally then you will take benefit
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chetan soni

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chetan soni (Expert)
03 March 2009 Yes you can both can take advantage of Rs.1L each.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
03 March 2009 i support the expert.

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