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Interest on Housing Loan

This query is : Resolved 

19 October 2019 Sir
Please comment on the Housing Loan Interest in the following:
I
Jointly owned Property(A & B) and Housing Loan taken in the name of assessee(A). Total interest during the FY is 205000, Can assessee claim Interest of Rs.200000?/102500?
II
Jointly owned Property(A & B) and Housing Loan taken Jointly(A&B). Total interest during the FY is 205000,
Only A is the assessee Can he claim Interest of Rs.200000?/102500?

20 October 2019 I. 1,02,500 if co -owner's have equal ownership.

II. 'A' only can claim 1,02,500 if co -owner's have equal ownership.

21 October 2019 Thank you Sir.
Can Assessee claim Interest upto Rs.2Lac for Extention of self occupied house Property

22 October 2019 Yes per section 24(b).


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