Interest on housing loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 January 2013
A housing loan taken by husband & wife as co-owner of the property by the bank, & certificate of the loan given by the bank as co-owner of the property.
# who can avail the benefit under section 24 of the act?
# If both gate deduction under this section, in which portion of the interest paid by him.
# assuming that both have income under head of salary.
# who can avail the benefit under section 24 of the act?
# If both gate deduction under this section, in which portion of the interest paid by him.
# assuming that both have income under head of salary.
26 January 2013
Both can claim Interest benefit in proportion to their respective share in the property /loan.
.
.
27 January 2013
BOTH OR ANY ONE CAN CLAIM THE INTEREST BENEFIT IN THE SAID PROPERTY AS IN CASE OF CO OWNER THERE IS NO SPECIFIED PROPORTION OF LOAN IT IS IN LUMP SUM AMOUNT
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