Deduction for Housing Loan interest and Principle
This query is : Resolved
G. RAMESH BABU
(Querist)
21 March 2009
Myself and my wife, both are working, have applied for a housing loan with LIC. The property will be in joint name. Who can claim deduction under Income Tax Act for the interest and principle repayment of the loan. Please advice.
C A GROUP COACHING
(Expert)
21 March 2009
BOTH CAN CLAIM INTEREST DEDUCTION PROVIDED LOAN IS IN JOINT NAME.
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