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Sec. 24 house property interest

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 March 2012 Can interest on housing loan be claimed by each of Rs.1.5 lakhs ie husband and wife, if they are joint owners and earning income and repaying loan. urgent plz
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Dintakurthi Tirumala

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Dintakurthi Tirumala (Expert)
07 March 2012 Yes each of the joint holder can claim Rs.1.5lacs housing loan interest under section 24(b).
OM SAI SRI SAI JAI JAI SAI
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Guest

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Guest (Expert)
07 March 2012 Yes deduction can be claimed by both cc-owners to extent of Rs. 1.5 lakhs.
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