Interest paid on housing loan repayment
This query is : Resolved
Pravesh Sharma
(Querist)
18 July 2013
i have purchase a flat in Previous Year 2012-13.I had purchased flat jointly in my name and in my wife name in 50-50 Ratio.In that year i had paid Rs.One Lakh Interest to bank.All interest and principal amount of laon paid by me.
Plz guide me,can i claim full interest deduction u/s 24.This is my first flat.I have no any other house.
Plz guide me,can i claim full interest deduction u/s 24.This is my first flat.I have no any other house.
Anil Sankar V
(Expert)
18 July 2013
is the flat ready to occupy?can be claimed in the ratio of 50:50. was the flat purchased from ur earning or both?
Pravesh Sharma
(Querist)
18 July 2013
flat used or occupied by me in previous year.Wife no claim deduction.flat purchase from my earning exclusive only.
Anil Sankar V
(Expert)
18 July 2013
it has to be shown in your return,as purchased through your earnings.
Pravesh Sharma
(Querist)
18 July 2013
one more thing i told you that Bank loan 1s the name of me and my wife.Loan account Name in bank statement is Mr.PRVAESH SHARMA & SMT.SARUCHI DATTA
Anil Sankar V
(Expert)
18 July 2013
it is okay , u can claim deduction fully.as rent from house property under ur name.
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