Interest deduction on housing loan
This query is : Resolved
28 February 2014
if an interest paid rs 2 lac on housing loan from joint account of husband and Wife, in that case can they claim for full deduction of rs 2 lac
28 February 2014
Yes both should be able to claim full deduction. However if the house is being beneficially owned by the husband, then wife should ideally not claim any deduction
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Sale of goods to the purchasing party
- OLD REGIM AND NEW REGIM
- HOUSING LOAN ISSUE
- IS AUDIT MANDATORY IF COMMISSION INCOME IS MORE THAN 50 LAKH
- Can we choose not to report losses in ITR3 if they cannot be carried forward?
- Clarification Required on Filing Form 141 for Joint Buyers
- Format of Physical Letters submitted at ASK ( Aayakar Sampark Kendra)
- Sec 44ada applicable only or both
- Compulsory aqisation of Agriculture & Non Agriculture land are taxable or not ?
- EMI ISSUE IN HOUSING LOAN OLD REGIME
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
