Interest on HP jointly

house is purchased jointly but loan is taken by only 1 person.

how interest on loan can be claimed and fully or proportionately.
Replies (2)
Quick Summary
This discussion explores the tax implications when a property is jointly owned, but only one individual secures the mortgage. It questions whether the mortgage interest can be claimed by the non-borrowing owner and, if so, whether the full amount or a proportion can be claimed. The consensus leans towards only the individual who took out the loan being able to claim the benefit, but the extent of this claim (full or shared) remains a key point of discussion.

I Think only one person can take the benefit of int
One person can take benifit but full amount or share in the house

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details