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Interest on housing loan

This query is : Resolved 
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Guest

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Guest (Querist)
11 August 2011 If both wife and husband are repaying half-half housing loan, i.e. for six months, by husband and by wife for the remaining period.

In this situation, who will get interest deduction from their house property income:
if house was not let-out and
if house was let-out and husband receiving the rent.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
11 August 2011 if the loan & house property in joint name then both can claim 50% deduction. otherwise the owner of the house property can be claim the deduction
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