Deduction of interest on house property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 February 2013
property own by wife.however repayment for home loan done though joint a/c.loan approval after filling return of husband & wife. so interest on home loan allowed both in proportion of income or only to wife(owner of land).
CA Suraj Lakhotia
(Expert)
12 February 2013
Deduction of interest would be allowed to the owner of property.
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