Home loan jointly taken.
This query is : Resolved
03 March 2014
Is interest paid on joint home loan allow both party u/s 24 or not. if yes ,what is the base of division of interest(means interest allow 50% each or any other base is follow.)
03 March 2014
If the property is SoP than ceiling of Rs. 1,50,000/- is available to both individually.
In case of LOP it will be divided proportion to there shares in property
In case of LOP it will be divided proportion to there shares in property
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