Intrest on home loan 13-14

This query is : Resolved 

21 February 2014 In a Joint Home loan , Intrest if more than 200000/- , husband has claimed Rs. 150000/- can balance amount be claimed by wife

please confirm

thanks

saras

21 February 2014 yes. you and your wife both can claim deduction for the interest payable. However, please note, it should be divided on a fixed ratio basis.


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