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Deduction of interest on housing loan

Tax queries 551 views 4 replies

Can joint owners of a house property, both claim deduction of interest and principal amount repayments under Section 80C (or under any other section)??

Replies (4)

Interest u/s 24 & principal u/s 80C

i mean can both joint owners claim the deduction in respect of principal and interest

Both can claim deduction of interest & principal in the proportion to loan taken or the ratio in which property is purchased.

Both can claim deduction of interest & principal in the proportion to loan taken or the ratio in which property is purchased


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