Exemption on interest on housing loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 June 2014
Sir,
I have a housing loan with my wife as co borrower.
We purchased the house in 2012.
Total interest paid in FY 13-14 was 2.32 Lacs.
Can both of us claim interest of 1.5 lacs under Income tax return.
The house is self occupied by my wife in Surat where as i stay in a rented accomodation in Mumbai.
Pl confirm.
Regards,
I have a housing loan with my wife as co borrower.
We purchased the house in 2012.
Total interest paid in FY 13-14 was 2.32 Lacs.
Can both of us claim interest of 1.5 lacs under Income tax return.
The house is self occupied by my wife in Surat where as i stay in a rented accomodation in Mumbai.
Pl confirm.
Regards,
23 June 2014
yes
both can claim benefit of payment of interest subject to share in the property.
but mindwell, husband can not get the benefit of HRA, as it is taxable in the hands of Husband.
also husband can not claim expense of rent u/s. 80GG
both can claim benefit of payment of interest subject to share in the property.
but mindwell, husband can not get the benefit of HRA, as it is taxable in the hands of Husband.
also husband can not claim expense of rent u/s. 80GG
23 June 2014
yes
(if both name mention in the registered deed)
both can claim benefit of payment of interest subject to share in the property.
but mindwell, husband can not get the benefit of HRA, as it is taxable in the hands of Husband.
also husband can not claim expense of rent u/s. 80GG
(if both name mention in the registered deed)
both can claim benefit of payment of interest subject to share in the property.
but mindwell, husband can not get the benefit of HRA, as it is taxable in the hands of Husband.
also husband can not claim expense of rent u/s. 80GG
23 June 2014
yes
(if both name mention in the registered deed)
both can claim benefit of payment of interest subject to share in the property.
but mindwell, husband can not get the benefit of HRA, as it is taxable in the hands of Husband.
also husband can not claim expense of rent u/s. 80GG
(if both name mention in the registered deed)
both can claim benefit of payment of interest subject to share in the property.
but mindwell, husband can not get the benefit of HRA, as it is taxable in the hands of Husband.
also husband can not claim expense of rent u/s. 80GG
23 June 2014
wife and husband claim the intt on housing loan. and you are doing job in another city the you can claim the HRA exemption also.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Minimum tax payable to file Updated return
- Dep. as per companies act
- Tds on commission charges
- Applicability of GST on Salary Reimbursement Component
- CHECK RELATED
- Change Of Karta In Case of Death
- Renovation exp. in flat by family member
- UDIN ISSUE
- TDS on purchase of under construction property from a reseller
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared
Getmyca Consultant Pvt Ltd
New Delhi
CA Inter
View Details
ARTICLESHIP
15 September 2026
Freelance Taxation Content Writer Intern
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
22 September 2026
Account Assistant
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
CCI
Pro
CAclubindia
