If the home loan is jointly - If husband is claiming the interest amount only can the wife claim only principal amount.
7 Replies
CA CS Lokesh Singhal
(Company Secretary and Deputy Manager Finance)
(251 Points)
Replied 03 March 2016
no it can not be
muhammed ashik
(ARTICLE TRAINEE)
(32 Points)
Replied 03 March 2016
Each applicants can claim interest upto 2 lakh and principal upto 1.5
srikumar
(audit staff)
(1203 Points)
Replied 03 March 2016
No, both of them 50% interest and principal can claim
CA Chandan Sharma
(Chartered Accountant)
(283 Points)
Replied 03 March 2016
No you can not do so, the interest and principal should be treated in the same lines and allocated as per the agreement.
Kamal vashist
(Accountant)
(183 Points)
Replied 04 March 2016
No, If there is an agreement between him and his wife then both are doing as per their agreement otherwise both of them can claim 50% of principal and Interst amount !
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