Housing loan interest On joint property


This query is : Resolved 

Quick Summary
This discussion explores whether both husband and wife can claim tax benefits on the interest paid for a home loan taken on a jointly owned property. The general rule is that both co-owners can claim deductions, provided they contribute to the EMI payments according to their respective shares. Case laws are provided for further clarification on this matter.

(Querist)
16 September 2021 Dear Sir

Whether interest on self occupied property can be claimed by both husband and wife in joint loan cases, can any one please share caselaws if any

Jayam

16 September 2021 Yes, its by rule...... provided the EMIs are paid by both the co-owners according to their shares....

jayam (Querist)
16 September 2021 Any case laws sir


16 September 2021 https://indiankanoon.org/doc/141655084/

https://indiankanoon.org/doc/44753768/


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details
Company
13 November 2026
Chartered Accountant - Fresher

Neeraj Bhagat & Co

New Delhi

CA

View Details
Company
10 November 2026
Direct Tax Manager

CAAQ CONSULTANCY PVT LTD

New Delhi

CA Final

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
31 October 2026
Accountants

sankaran and krishnan

New Delhi

B.Com

View Details
Company
ARTICLESHIP 29 October 2026
Article Assistant (CA Inter / CMA Inter) - Thrissur

Varma Raja & Associates

Thrissur

CA Inter

View Details
Company
13 November 2026
Accountant

New Mobile India

Muzaffarpur

B.Com

View Details