Interest paid on housing loan
This query is : Resolved
29 May 2019
A housing loan was taken by me in the joint names of myself and my wife. Total Interest on the same during FY 2018-19 was paid Rs. 2.00 lac. Whether deduction of interest may be claimed by me and my wife both ? If yes, how much by each ?
29 May 2019
Yes if house is jointly owned based on ownership ratio.
29 May 2019
Both of you can claim deduction in respect of Interest u/s 24 while calculate your income from house property.
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