Hi...........
1)If the house property is purchased in joint name(Mr.X and Mrs X) and the loan is taken on it in joint name of Mr.X and Mrs.X.The House is self occupied.My question is that whether the benefit of Section 24 and Section 80C can be claimed by both or only by first name holders?
2) In the above case if the house is given on rent then in whose total income the rent income to be considered? whether in Mr.X or Mrs.X or in both or as in the name given in the Rent Agreement.?
3) Can we do the Ren agreement in only in one name eventhough we have puchased the house property in joint name?
Thanks in Advance.
Please revert me back at the earliest.................
CAclubindia
