Hi,
If someone has borrowed Rs 35 Lacs for acquiring a house property jointly with his wife and repayments are to be made through joint account, please let me know if both the individual and the wife will be eligible for a max deduction of Rs 150,000 each or Rs 75,000 each for the interest part (if share is defined as 50:50) as I get almost equally divided opinions on this subject
Thank you.
yes.
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
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Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
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Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
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CCI
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