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Me and my wife have a joint Loan and Joint property. We pay an interest >Rs.400000. Can we claim a tax rebate of 150000 each.
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| vinay raina (Posted: Feb 28, 2010) |
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I am going to purchase a residential plot(I will be take loan to purchase the plot),will I be come under tax rebate or not.
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| dinesh (Posted: Feb 15, 2010) |
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I am going to purchase flat on joint name i.e. first my self and second my wife who is also doing service and i am going to take loan for the purchase of flat, pl clarify whether i am going to get benefit of interest and principle amount for tax benefit i.e. first holder.
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| jayeshkumar patel (Posted: Jan 30, 2010) |
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| viagra (Posted: Jul 30, 2009) |
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My first house loan is completed for which i have availed tax benifit and which was purchased 10 year back
Now I have purchased new house for that i have taken loan is i am eligible to get tax benifit. I am having my old house also.
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| D.B.NAVALE (Posted: Jul 29, 2009) |
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I am bit confused about the amount of principle repaid that can be claimed for tax deduction. I remember the ceiling on principle repayment to be Rs. 20,000. Is the eligible amount for deduction Rs.20,000 or Rs. 1,00,000?
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| Sunil (Posted: Aug 9, 2008) |
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It is legally incorrect to say that interest is allowed only on EMI payment. Interest is recognised on due basis also.
A person can have any number of house loans and all such deduction are applicable subject to the following
-interest in the case of property let out dont have any maximum ceiling.
- Only self occupied house property has 1.5 lakhs as a ceiling
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| sathya (Posted: Aug 8, 2008) |
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