Housing loan interest deduction
A.S.P. (Article) (36 Points)
23 December 2015A.S.P. (Article) (36 Points)
23 December 2015
Vishal Goel
(Chartered Accountant)
(1693 Points)
Replied 23 December 2015
Hello,
A co-owner, who is not a co-borrower, is not entitled to tax benefits.
Similarly, a co-borrower, who is not a co-owner, cannot claim benefits.
Wife can't cliam deduction u/c 80c.
ARUL PRADEEP
(ARTICLE ASSISSTANT)
(175 Points)
Replied 23 December 2015
ONLY HUSBAND CAN CLAIM 100% 80C DEDUCTION...
Ankit Taprania
(CA FINAL )
(542 Points)
Replied 23 December 2015
Absolutely . 50% - 50% can't be claimed.
N. Rajendran
(Manager - Accounting)
(40 Points)
Replied 24 December 2015
Apart from 80C her Husband can claim Rs.2lakhs as Housing Loan Interest Repayment u/s 24B
Thanks
N. Rajendran
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)