Deduction of housing loan interest
This query is : Resolved
07 February 2019
Suppose the assess has taken loan in the joint name. ( Himself and his wife) and interest on housing loan as per certificate is more than Rs. 4 lacs. Whether Assessee cam claim Rs. 2 lacs being int on housing loan. Further whether is necessary to repay loan from the joint bank account./. Kindly advise.
07 February 2019
You can claim 2 lacs as interest on housing loan. No need of repayment from joint account.
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