Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3468 Points)
15 June 2011Friends
In case am employee and his wife take home laon jointly, who will be allowed deduction under section 80C and 24 ? The person who actually pays , ie from whose bank account the money moves ..
Regards
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 15 June 2011
in the ratio of loan amount percentage, the interest and repayment would be booked, in name of both.
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 16 June 2011
If there is no loan amount % then ? moreover is 100,000 for 80C and 150,000 for 24 be spread amongst the joint loaners. i think it should be
regards
CAclubindia
