Interest u/s 24

CA Manasa (CA) (1479 Points)

05 October 2009  

Mrs X took a Loan of Rs 5 Lacs for Constructing an house property for which she is the registered owner. The monthly Instalment of the Loan both principal and Interest was being paid by Mr X. Now can the deduction be allowed to Mr X or Mrs X . If so Why???

Thanks in Advance