deduction u/s 24(b) for interest on loan very urgent

yes u can claim.

Dear Friend........

Since he is the owner of the property and loan payment also made from his account.......

I think he can claim entire interest repayment.........

You can claim full amount as your are paying installment from your account

Yes Mr.Vijay

There is no doubt in claiming the deduction

Under sec 24(b) of  IT act.person owning the house fully or jointly he is eligible for claim.

in your case he owns the house jointly with his wife so he is eligible u/s 24(b)

See Vijay,

 Everything is not needed to be clarified with circulars or explanations, we had to interpret the law and in this case section 24(b) is very clear. So dont worry and u can surely claim the deduction of interest under section 24(b) and deduction of EMI under section 80C.

Regards

Rajat

Yes everybody is right...moreover if you see.....50% deduction which is available to wife is also not used by the wife. If wife takes her 50% deduction then only restriction will come upto 50% for husband.

For more clarification if you have taken any loan jointly with minor then minor cannt pay the installment as there will be no income in his case.....then also full deduction will be available to you although property is jointly taken.

Yes deduction will be apprpriate according to their ownership but minor can't be taken into account...if for eg 3 persons Say X,Mrs.X,A (Minor Son oF X) owns a house.

here, the deduction will appropriate only to x and his wife irrespective of 3 joint owners

What is the exact creiteria to claim deductions u/s 24 (b) & 80C?

Is the condition important that as to who re-pays the Housing Loan?

What if the loan is jointly in 2 names and in a F.Y only first holder repays the same, but in the next F.Y both contributes equally and in subsequent F.Y only Second holder re-pays the same.

What is the exact creiteria to claim the benefits?

What is the exact creiteria to claim deductions u/s 24 (b) & 80C?

Is the condition important that as to who re-pays the Housing Loan?

What if the loan is jointly in 2 names and in a F.Y only first holder repays the same, but in the next F.Y both contributes equally and in subsequent F.Y only Second holder re-pays the same.

What is the exact creiteria to claim the benefits?