banner_ad

House loan decuction

This query is : Resolved 
Profile Image

Profile Image

(Querist)
19 November 2011 if home loan taken with joint name of husband & wife than
1)what is the treatment when both having taxable income. total repayment of loan amount is 120000 p.a.
2)what is the treatment when only one person having taxable income. total repayment of loan amount is 120000 p.a.
Profile Image

CA Navin Jain

Profile Image

CA Navin Jain (Expert)
19 November 2011 both are claim the deduction in their housing loan ratio.

If only one person having taxable income then he/she is eligible to claim the deduction extent to their housing loan ratio.
Profile Image

Aadish Jain

Profile Image

Aadish Jain (Querist)
23 November 2011 thank you sir for reply
if the house is registered in the name of only wife but the loan is taken in joint name i.e. husband and wife and the total loan installment is paid by only husband. can husband get deduction. wife has no taxable income. plz suggest the ans.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details