23 May 2014
Nope they can not... Allowability of claim depends on proportion of Joint Ownership and loan should be applied jointly.... To claim housing loan certificate is required from lender at the end of the year, so if loan is not in joint name husband or wife may not be able to claim benefit....
JOINT LOAN HUSBAND AND WIFE- REPAYMENT STARTED 2013-14. IN THE YEAR 2013-14 YEARLY REPAYMENT 1,50,000 THE HUSBAND AND WIFE CLAIMED IN EQUAL RATIO I.E. 75,000 EACH.FOR THE INCOME TAX
IN THE YEAR 2014-15 YEARLY REPAYMENT WILL BE RS.1,50,000 NOW CAN THEY CHANGE THE RATIO ? YEAR 2014-14 CAN THEY OBTAIN THE 90,000 AND 60,000 RESPECTIVELY
SORRY I COULD NOT ABLE TO ILLUSTRATE WHAT I WANT TO SUBMIT
CAclubindia
