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
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