House loan interest benefit
This query is : Resolved
CA Jitender Sharma
(Querist)
14 February 2014
My wife and I have jointly taken a home loan. What will be our individual tax benefits? can we both claim tax benefits?if yes in what ratio.
Nikhil Kaushik
(Expert)
14 February 2014
in the ratio in which you repay the loan and interest. please note that you both are eligible for deduction upto Rs 1.5 lakh interest separately.
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