Deduction u/s 24, 80-c and 80-ee
This query is : Resolved
sachin jain
(Querist)
09 May 2014
Hello
My wife has purchased a house property in her name and we had taken a joint loan in the name of my wife and me. Whether deduction is available to both of us or only to my wife? And quantum of deduction undef several heads to both of us??
My wife has purchased a house property in her name and we had taken a joint loan in the name of my wife and me. Whether deduction is available to both of us or only to my wife? And quantum of deduction undef several heads to both of us??
Sandeep Dharar
(Expert)
09 May 2014
Sachin Both u and ur wife can claim deduction. But the amount must b paid by both of u. Like if only u pays the interest & principle then ur wife is not eligible for deduction.
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