Interest on house property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 January 2015
A & B purchased a house and paid interest 6 lacs. Is deduction of 2 lacs available to A & B both, totalling deduction available upto 4 lacs?
A & B purchased a house and paid interest 6 lacs. Is deduction of 2 lacs available to A & B both, totalling deduction available upto 4 lacs?
CA R SEETHARAMAN
(Expert)
13 January 2015
Yes each person can claim a deduction of 2 lacs.
Rupesh Jain
(Expert)
13 January 2015
yes if you have self occupied house then every person get deduction rs. 200000/- each .
Rupesh Jain
(Expert)
13 January 2015
yes if you have self occupied house then every person get deduction rs. 200000/- each .
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