Housing Loan Interest

Akshatha.A.S (Practicing CA) (58 Points)

25 November 2009  

Is the limit of Rs.150000 for claiming housing loan interest u/s 24 defined for every individual or for every property?

For ex, if a joint loan is taken by husband and wife and the interest amounts to Rs.300000, can the husband claim Rs.150000 and the wife remaining Rs.150000?