Housing loan

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 July 2011 LOan is on joint name husband & Wife, but EMI is paid by Husband. So deduction can be taken 50-50 or the Husband will take the benifit of deduction.

CA Navin Jain

CA Navin Jain (Expert)
Follow

27 July 2011 both are eligible for deduction

Querist : Anonymous

Querist : Anonymous (Querist)

28 July 2011 LOan is on joint name husband & Wife, but EMI is paid by Husband. So deduction can be taken 50-50 or the Husband will take the benifit of deduction. Loan is taken before 5 year from that time husband is taking benifit. but now they want to change in to 50-50. so they can they change & take the benefit 50-50. even EMI paid by husbands A/c.

Upgrade to CAclubindia Pro. Subscribe Now!