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Home loan

This query is : Resolved 

17 December 2013 if I take home loan in joint name. say interest is 1 lakh will I and my husband both can claim interest deduction u/s 24 I.e. total of 2 lakh deduction

17 December 2013 No....its nor correct. and not possible

18 December 2013 Yes Richa, You can claim the deduction of one lack in your name and one lack for your husband.

Refer Section-26, for the co-ownership of a property. In case, the self used property then 1.5 lack will be eligible for each of co-owner.

For further details ; follow on facebook, wwww.facebook.com/info.sjk

thanks


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