Menu
Deduction of house loan interest
If a house is purchased by two persons ,co pwnership and loan also taken on both name.then house loan interest and house loan deduction will be given to both.
Replies (4)
I think only to wife, deduction is available as I rememeber answering it many months ago.
Things are different now 'Since the property is jointly owned by you (the husband) and your wife, both of you are entitled to claim the benefit of interest under Section 24 as well as in respect of repayment of principal amount of home loan under Section 80C provided both are servicing the home loan.'
In proportion to the ownership
Yes, kindly check the provisional certificate before claiming any deduction on interest and principal amount on housing loan.
Recent Topic
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
Related Topics
CAclubindia
