Interest deduction for house loan under income tax

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Querist : Anonymous

Querist : Anonymous (Querist)

09 March 2012 Hi,
Can some body answer on below query:
There is one house property registered with two names and also home loan taken in the name of two. Repayment doing by both, Can both the person can take excemption if yes 1.5 lac per person or total

Guest

Guest (Expert)

10 March 2012 The limit of Rs. 1.5 lakh is per person.

Abhishek Ranjan Singh

Abhishek Ranjan Singh (Expert)
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10 March 2012 Both can claim exemption 1.5 lakh each.

Abhishek Ranjan Singh
ARS Solutions
+91 9022838615
email2ars@gmail.co
www.arssolutions.co.in
www.ars-solutions.web.com

Message likes : 2 times

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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02 April 2012 There are specific dated and the amounts also differ but at present maximum is 1.50 Lacs

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