Sec 24b
This query is : Resolved
13 March 2015
If a joint home loan is taken, then can both claim 100% Deduction of inteest u/s 24b and proncipal repayment u/s 80c
13 March 2015
Yes but only if both are also joint owners of property.
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13 March 2015
http://taxguru.in/income-tax/tax-benefits-home-loan-joint-names.html
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13 March 2015
means suppose if total interest payment is Rs. 1.5lakh and A & B are 50:50 ratio, then how much can each claim?
13 March 2015
to the extent they ppaid home loan subject to 1.50 lakhs indivdually
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