Incometax housing loan interest
This query is : Resolved
13 March 2014
IF HOUSE IS PURCHASED BY SPOUSE IN THERE JOINT NAME . THEY ALSO WANT TO HAVE HOUSING LOAN JOINTLY . BOTH ARE FILLING THEIR RETURN . I WANT TO ASK YOU
1 THE LIMIT 150000 HOUSING LOAN INTEREST CAN BE AVAILED BY BOTH OF THEM IN THEIR INDIVIDUAL RETURN IF RESPECTIVE INTEREST IS PAID BY THEM INDIVIDUALLY .
2 DEDUCTION IN RESPECT OF REPAYMENT OF HOUSING LOAN CAN BE CLAIMED AS ABOVE .
1 THE LIMIT 150000 HOUSING LOAN INTEREST CAN BE AVAILED BY BOTH OF THEM IN THEIR INDIVIDUAL RETURN IF RESPECTIVE INTEREST IS PAID BY THEM INDIVIDUALLY .
2 DEDUCTION IN RESPECT OF REPAYMENT OF HOUSING LOAN CAN BE CLAIMED AS ABOVE .
13 March 2014
yes sep allowed to both of them.
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