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DEDUCTIONS UNDER SEC 24 (b)

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 November 2009 IF THE HOUSE IS IN THE JOINT NAME OF HUSBAND & WIFE & LOAN IS TAKEN IN THE NAME OF HUSBAND THEN IS BOTH OF THEM WILL BE ELIGIBLE TO TAKE A DEDUCTION OF INTEREST ON LOAN OF RS.150000 ?
THERE IS NO DEFINITE SHARE MENTIONED IN THE PROPERTY PAPERS .
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
16 November 2009 Since wife is not a borrower, as per my understanding, she will not get the benefit of section 24(b) in the case of self occupied property.
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