Hi Pankaj
I am Salaried Person leave in Joint Family (Present with Father's House)
At Present I have ONE Housing Loan in which Property Owner is my Father (I am not Joint Owner) who is Retire now and dependent on me, In this Loan I am Co-Applicant to Repayment the Loan & Full EMI Deducted from My Account via ECS
Now I Purchase Another House on Joint name i.e.
1) My Wife & 2) My Self - At Present My Wife is House Wife (Have PAN No.) but Property Document and Loan Document (both) are on the Joint Name.
Full EMI Deduction from My Saving Account via ECS
(In this New House - My self, My Wife & Kids will Shift then too I will pay EMI of My Father's Property) -- Here I will Pay TWO Housing Loan EMI from my Account
My Question :
Should I get Deduction Principle + Interest- within specify Limit) for Both Housing Loan.
Request you to guide with Section Head and Limit..
Many Thanks in Advance for your always prompt support..
Dipak
