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Please Help: interest on housing loan

Posted Date : 16-Feb-2012 , 12:40:30 pm | Posted By: Vipin

Category : Income Tax | Answers : 4| Comments : 4| Hits: 235

housing loan is in joint name ,,whether they will get benefit of 1.5 lakh each or single limit of 1.5 lakh in ownership ratio

Answers:
   Answer by: CA Gaurav Kumar Agarwal
benefit of rs. 1.5 lac to each person
   Answer by: Rishabh Upadhyay
Interest on housing loan will be divided into ownership ratio and benefit of 1.5 lack will be available in full to both the owners
   Answer by: Ketan Samdani
The benefit of interest on housing loan will be available to each joint holder to the extent of Rs. 1.5 lakhs.
   Answer by: Rambabu Senkarasetti
1.5 lakhs to each person
Comments
Posted By : Ketan Samdani 22-Feb-2012, 04:36:26
The benefit of Rs. 1.5 lakh will be available to each co-owner.
 
Posted By : PANKAJ BANSAL 17-Feb-2012, 03:26:41
Yes both can take the benifit
 
Posted By : Vipin 16-Feb-2012, 09:04:12
r u sure
 
Posted By : JEET REWRI 16-Feb-2012, 04:06:21
Each Person will be entitled benefit of 1.50 lakh
 

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