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Deduction of Interest on Home Loan by Joint Account Holder

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Deepak Rawat

Deepak Rawat (Querist)
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12 January 2021 Respected Sir,
Please guide on below mentioned query.
A Husband and a wife, both are teacher. They have financed Home Loan on through Joint Account and Home is registered on both name.
So my query is, can both of them claim deduction on Interest on Home Loan equally in their respective ITR ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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12 January 2021 Yes, both of them can claim deduction on Interest on Home Loan equally in their respective ITR.

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