parvesh garg (Student CA / Articleship) (100 Points)
23 January 2017Hey,
If a couple (Husband-Wife) bought a house and they are Co-owner of house in ratio of 60:40. Both are earning person. wife took a home loan on its own name from bank. (Not a joint loan).
So whether both of they are eligible deduction u/s 24b and 80C or only wife.
if Both then in which ratio?????????????
Is it mandatory to be a Co-borrower????
CA Neha Agrawal
(CA)
(830 Points)
Replied 23 January 2017
Home loan is given jointly even if property is not jointly owned. Here property is joint property, so wife alone would not have taken loan without co-borrower. If it is a real scenario, kindly check once again.
CA. Roopali Kadam
(Jobs on assignment basis.)
(1459 Points)
Replied 25 January 2017
https://www.incometaxindia.gov.in/tutorials/income-from-house-property-practical.pdf pg 19
BOTH ARE ELIGIBLE
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