Both husband and wife are owners of the house(flat) and the loan is also availed by both(co-borrowers). Whether, the Principal reapyment under section 80c to be approinted between them 50:50? In case any one of the already reached RS.1,00,000/- under section 80c without the repayment of housing loan(principal), whether the second one can claim the entire amount after getting a certificate from the first one that he/she not availing this benefit? Is it legally tenable. It is only for the principal, but the interest is divided 50:50.
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Loss on Housing Property
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80C deals with actual payments from current year taxable income, not with the agreement from the 2nd holder,
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