I have one query regarding Housing Loan and deduction u/s 80 C and Interest of Housing loan repayment under the head of House Property with self occupied House,
Matter,
My client has taken a housing loan form Bank for Rs. 20 Lacs, in the name of his wife and himself as a co-applicant. Sale Deed has made in the name of his wife only due to the benefit of Registration fee. Now whether deduction u/s 80 C will be available to husband on the basis of co-applicant and Interest deduction under House Property Head.
What is Accounting Treatment in the Books of Husband - Whether he mention half portion of loan in the liabilities side. than Assets side what is mention. Also suggests me about subsidies procedure for housing loan.
29 November 2011
But in this case loan taken by husband so criteria of 80C is not fulfilled by wife so confirm me whether she will take deduction or not. Criteria is that, if loan taken from financial Institution than deduction will be taken.
29 November 2011
But in this case loan taken by husband so criteria of 80C is not fulfilled by wife so confirm me whether she will take deduction or not. Criteria is that, if loan taken from financial Institution than deduction will be taken.
29 November 2011
But in this case loan taken by husband so criteria of 80C is not fulfilled by wife so confirm me whether she will take deduction or not. Criteria is that, if loan taken from financial Institution than deduction will be taken.
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