income tax rebate
Querist :
Anonymous
(Querist) 19 December 2010
This query is : Resolved
Myself and my younger brother availed a home loan from a bank where I was the main applicant and he was the co-applicant. Unfortunately, my younger brother met with a road accident and died after being in a state of coma for 12 days( having undergone a brain surgery). The EMI was shared by both of us though debited from my bank account.After his death also the EMI is debited from the same account though the entire burden of EMI amount is being borne by me. I am a salaried individual. The bank is issuing certificate for income tax rebate in the name of both of us. Can I claim deductions alone for the whole amount of interest and principal paid during the period.
Please suggest how should I claim deduction for the same.
