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Date : Aug 4, 2009

Question

whether co-borrowers of a home loan needs to be co-owners (sale deed jointly) to claim Income tax benefits by share agreement. whether 3 (three) family members can avail this benefit if co-borrowers and co-owners.

Answer

Joint home loan co-owners who are co-borrowers of the said property can claim tax deduction benefits to the extent of respective shares in the loan.

 

 

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26460

I wish to transfer my existing loan from Axis bank to another bank where rate of interest is lo

26459

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26456

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26447

Dear Harsh - I have a home loan for around Rs 28 lakhs taken along with my wife (joint home loa

26445

Sir I am a working in a pvt sector and with my present income able to save about Rs.2000 pm apa

26440

iay ,can i get any tax rebet onthe intrest part ?constructionm planning to buy a residential pl

26437

sir... i have seen a layout whose plan is panchayat approved. i want to buy the land and constr

26434

Dear Harsh, I have a existing home loan for a flat in thane(curent outstanding 31.6 lacs) with

26430

Sir, i have a property with me(new flat bought from the builder) which i need to sale... thefla

26417

Hello Sir,i m ex-serviceman i want to procedure to withdraw AGIF money.

26416

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26414

FORMAT REQUIRED FOR MHADA NOC FOR HOME LOAN

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26410

hi, i have an existing home loan with ICICI bank, i still have to pay 1426341, right now the in

26408

Me and My wife wants to go for joint loan as she being co borrower.If i pay the 100% EMI ,can

26406

Hi Harsh, My mother is having a property. Can i take home loan for construction of a house on t

26405

I am planning to go for a home loan from Axis bank. I would like to know if I can go for an ins

26404

Dear Mr. Harsh Roongta, I currently own a property jointly with my daughter. I had taken a loa

26400

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26397

I have selected a flat to purchase which is not yet registered. Flat papers are on the name of

26396

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26394

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