If husband has housing loan and takes second loan jointly with wife.Can its payble interest be divided appropriately to both for tax benefit if loan aggrement is also jointly??
RE:If husband has housing loan and takes second loan jointly
by Amitabh on Jun 02, 2007 03:46 PM Permalink
if the house is in joint names,and both have separate incomes and the repayment of the loan is also joint,both will be treated as house property owners and the provisions of the income tax law will apply accordingly.The share in the co-owned property must also be defined.
RE:If husband has housing loan and takes second loan jointly
by MOHITE SAN on Jun 02, 2007 04:04 PM Permalink
My cousin name is Amitab akolkar and he is in london are you the same
