Deduction of Housing Loan Interest & Principal

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This discussion addresses the deduction of housing loan interest and principal for a jointly held loan. The core question is whether one spouse, whose income is not taxable, can claim 100% of the deduction even if the loan was split 50% previously. The consensus is that deductions must be claimed in the same proportion as the loan is shared, and claiming 100% by one spouse when the loan is joint is not permissible.

Keyur

Keyur (Querist)
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19 July 2022 Sir/Madam

Please resove below doubt for taking deduction of Housing Loan -Interest & Principal for the fy-2021-22--
> One of my client have taken housing loan in joint account with his wife - proportion is 50 % each

In last year he was taken deduction of housing loan interest & principal 50 % individually.

In this current year can his wife taken 100 % housing loan interest and principal from her total taxable income?? because his spouce income is not taxable income and tax payable??

Installment is paid from saving bank account- jointly holder

thanks in advance