Deduction of interest on laon taken from wife
This query is : Resolved
RATTI RAM AGGARWAL
(Querist)
26 February 2010
While purchasing the flat i had taken a laon of Rs. 2 lakh from my wife. The house property is a rented property. Can i claim the deuction of interest paid to wife in my income tax return.
CA. B.SRINIVASULU
(Expert)
27 February 2010
Yes you can claim the deduction.
CMA Arif Farooqui
(Expert)
02 March 2010
yes u can
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