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.

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....

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