sec. 80 C
Philip Mathew (113 Points)
09 October 2017
what is the amt that can be claimed under 80 c by joint owners ( A + B) of a house. 1.5 lakhs or 3 lakhs.
7 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 09 October 2017
Every person claim 1.5lakhs....
Michelle
(Service)
(297 Points)
Replied 09 October 2017
1.5 lakh per owner...... Maximum limit of deduction under 80C is 1.5 Lakh...... So you cannot gross it and say total 3 lakhs
lalit gangwani
(4 Points)
Replied 09 October 2017
If the property is self occupied than 1.5 Lakh in single hand can be claimed against interest on house property and if the property is rented out in that case more can be taken as rebate
Philip Mathew
(113 Points)
Replied 09 October 2017
the house is regd. jointly and loan taken jointly.
u/s 80 C 1.5 × 2 = 3 lakhs or
1.5 ÷2 = 75000/= each.
u/s 24 2 × 2 = 4 lakhs or
2÷ 2 = 1 lakhs each
required tax for current financial year April 2017 to march 2018.
u/s 80 C 1.5 × 2 = 3 lakhs or
1.5 ÷2 = 75000/= each.
u/s 24 2 × 2 = 4 lakhs or
2÷ 2 = 1 lakhs each
required tax for current financial year April 2017 to march 2018.
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