Joint Home Loan
Peeyush Chaturvedi (53 Points)
01 February 2018Peeyush Chaturvedi (53 Points)
01 February 2018
Vinaya Kumara K H
(Accounts Executive)
(259 Points)
Replied 01 February 2018
As long as you are co-owner & co-applicant of a home loan, you can claim tax benefits. If you are the only one who is repaying the loan, you can claim the entire tax benefit for yourself (provided you are an owner or co-owner). You can enter into a simple agreement with the other borrower(s) stating that you will be repaying the entire loan amount.