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
CA Sanjeev Kumar
(Expert)
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
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
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
- EPF ECR NEW FILE SEP 17TH 2026
- GST on Renting godown to KFCSC for Storage of Raagi
- TAX AUDIT ON PROFESSIONAL INCOME
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- Oct 2025 Invoices
- Import of Software Service.
- TDS on Fixed Assets purchased
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
CAclubindia
