house loan repayments.

20 September 2017

joint purchase of house by bank loan. can both (husband & wife) claim rebate u/s 80 c on principle and interest payments.F.y. 17-18.

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177896 Points)
Replied 20 September 2017

Yes, provided both are co-owner of the property.

Philip Mathew (113 Points)
Replied 20 September 2017

both are co-owners what is individual amt that can be claimed for interest and principal amt paid.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177896 Points)
Replied 20 September 2017

For each co-owner 80C deduction upto 1.50 lakhs (upto actual paid amount subject to aggregate of any other investment under the section)

Interest deduction u/s. 24b of 2 lakhs each subject to amount actually paid by individual.

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 20 September 2017

You can claim Percentage of share..

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