Interest on housing loan
This query is : Resolved
19 July 2013
Mr A and Mrs. A own one property in joint name (50:50). There is a joint bank loan but all the installments were paid by Mr. A only..
now how to claim deduction of interest?
whether Mr. A claim whole amount of interst since he had paid the all installment?
now how to claim deduction of interest?
whether Mr. A claim whole amount of interst since he had paid the all installment?
Rupesh Jain
(Expert)
19 July 2013
yes, amount of intt will deductible in hand of Mr A.
if amount paid by jointly in ration of ownership then they can claim.
if amount paid by jointly in ration of ownership then they can claim.
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