Hi,
I had puchased an apartment on March 13, 2013 under scheme 80-20 (pre-emi). I took the home loan on March, 2013. But I got possesion on April 20, 2018. The property is owned by me and my spouse, home loan is also under both of our name. I have some doubts on sec 24B.
1. What is the maximum amount we can claim under sec 24B. We are self-ocuupying the house. We have paid about 12L as pre-emi interest, so can we claim all the amount?
2. My spouse in abroad now, so she will not claim any tax. Can I use her limit as well in addition to mine? If yes, any process for that?
Appreciate your help.
Asked 6 years ago in Income Tax
Hi,
Thanks for your answer, I have few follow-up questions:
1. The complete pre-emi has been deducted from my account alone. Still I cannot claim her share?
2. Does it mean if I alone claim, I can claim only upto 10L (2L * 5 installments), where as I paid 12L for pre-emi?
Regards,
Saroj
Asked 6 years ago