deduction of Housing Loan
This query is : Resolved
04 November 2010
in case of joint ownership of house prop.(self occoupied) whether deduction of interest of rs.30,000 is permissible to each joint owner or Rs.30000 in all to all joint owners.
04 November 2010
Joint owner, who is bearing the Interest payment, may take the deduction of interest for the amount paid by him. Other owner not making the payment , will not get the deduction.
Aditya Maheshwari
(Expert)
04 November 2010
Deduction allowable to the person paying interest to all coowners subject to limits u/s 24.
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