Taxation of house property held jointly

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Joseph Joy Puthussery (Querist)
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21 March 2014 A house property is held jointly by husband and wife.. Can they both claim interest on loan due up to 1,50,000 EACH?

CS,CA F,Numrologi TusharSampat (Expert)
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21 March 2014 yes allowed in this case if loan is taken sep.

Joseph Joy Puthussery (Querist)
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21 March 2014 if the loan is also taken jointly, can each claim interest to a limit of 1,50,000?

CS,CA F,Numrologi TusharSampat (Expert)
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21 March 2014 but then if int is paid sep from their individual income then its allowed

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Joseph Joy Puthussery (Querist)
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01 April 2014 THANK YOU VERY MUCH SIR..

CS,CA F,Numrologi TusharSampat (Expert)
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03 April 2014 you are welcome Joseph joy.........................

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