Hello, Friends
One of my Client facing following case plz suggest me
Mr. A take loan from bank (In A’s Name) for construction of House property, and finish the construction of house and register the same in his wife Name Mrs. A. And he paid to bank as interest of Rs 296000 and as principle 92000. ( all interest is post construction and taken in the year 2011)
Now my question is
- How much interest can we claim and in whose name
- Principle amount of loan can be claim under sec 80C in whose name.
Thanking you
Binod
CAclubindia
