DEDUCTION ON LOAN ON HOUSE PROPERTY

CA SUDHIR HALAKHANDI (PRACTICING CHARTERED ACCOUNTANT)   (13196 Points)

09 January 2009  

HUSBAND AND WIFE BOTH ARE THE OWNER OF LAND ON WHICH HOUSE IS MADE, WIFE HAS NO INCOME .

YEARLY INSTALMENT  1.50 LAKHS

YEARLY INTEREST - 1.75 LAKHS

BOTH INTEREST AND INSTALMENT IS PAID BY THE HUSBAND.

HOW THE DEDUCTION WILL BE CLAIMED?