if the HBL is taken jointly in the name of husband and spouse, then how can the deduction u/s 24b i.r.o interest on borrowed capital be claimed, provided that both of them file the ITR and the both are the co owners of the house
if the HBL is taken jointly in the name of husband and spouse, then how can the deduction u/s 24b i.r.o interest on borrowed capital be claimed, provided that both of them file the ITR and the both are the co owners of the house
In my view both husband and wife can claim the interest amount in their co-ownership ratio.
The certificate from the bank specifying the amount of interest payable by the assessee should be in both name i.e. H & W jointly.
Copy of flat purchase agreement alongwith above mentioned certificate should be filed before the AO to justify the claim.
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