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Claim interest deuction

This query is : Resolved 

18 October 2012 Interest paid Rs.200000 on loan for purchase of house property paid equally by 2 co-owners. and all the condition satisfied for claiming deduction u/s 24(b) of Rs. 150000. the queation is - can the co-owners claim deduction of Rs. 100000.00 each

18 October 2012 Yes, It can be claimed if

1. Share of Co owner is defined in the deed.

2. if the payment is made by both the co owner.



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