banner_ad

Housing loan interest

This query is : Resolved 
Profile Image

Profile Image

(Querist)
07 June 2014 When Husband & wife take Housing Loan interest will claimable IT Act or No


If yes Then interest will taken Half by both or not
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
07 June 2014 if both are taking it sep then both can claim it sep........................
Profile Image

vinayak

Profile Image

vinayak (Querist)
07 June 2014 Sir they have taken Jointly one Housing loan
Profile Image

vinayak

Profile Image

vinayak (Querist)
07 June 2014 Sir they have taken Jointly one Housing loan
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
07 June 2014 then in proportion of int paid only they can claim.
Profile Image

Prof. Bajaj

Profile Image

Prof. Bajaj (Expert)
29 June 2014 To avoid confusion, it is best that:

1. The property (home) is purchased in joint names.

2. The loan is taken in joint names.

3. The repayment is done from joint account. Or 50% repayment is done from Husband's account and 50% from Wife's account.

Any diversion from the above 3 could invite queries by the AO, which could be difficult to explain.
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
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details