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proportion of housing loan deduction

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(Querist)
05 January 2011 Dear All,

Hi.......

If there is a joint housing loan taken by a husband and his spouse, then on which proportion deduction u/s 80C will be given.

If for 2010-11 housing loan repayments are being made by the husband alone then whether there can be proportionate deduction or the husband alone will be liable to deduction u/s 80C.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
14 January 2011 If the House & loan both in joint name then the 80C deduction will take proportionalty & Interest deduction can be claim both as normal deduction, In case only loan joint name then deduction only available for owner of the house
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