banner_ad

Tax benefit u/s 24b

289 views 5 replies
User Avatar

32 Points Posted on 25 October 2020
A husband and wife jointly owned a house for which they took a housing loan
the salary of wife is comparatively less as compared to that of husband
can the husband claim more interest u/s 24 b than wife in order to have some tax benefit
1 Reply Share Follow
On 25 October 2020 at 20:36 Report
Replies (5)
User Avatar

493 Points Posted on 25 October 2020
Person can claim interest only that much amount that he has paid but not more than 2lakh under sec24
1 Reply
On 25 October 2020 at 22:11
User Avatar

32 Points Posted on 25 October 2020
Husband and wife each paid interest of 120000 each
can husband claim 170000 and wife claim 70000 rather than claiming 120000 each
1 Reply
On 25 October 2020 at 22:43
User Avatar

Accountant
3662 Points Posted on 25 October 2020
No, you can't claim more intetest
9 Reply
On 25 October 2020 at 23:29
User Avatar

493 Points Posted on 25 October 2020
No you can't
1 Reply
On 25 October 2020 at 23:31
User Avatar

Proprietor
38 Points Posted on 26 October 2020
Interest paid is taken as deduction in the ratio of ownership of property,subject to maximum of actual amt paid or Rs 2 lakhs.
Reply
On 26 October 2020 at 00:03


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
01 May 2026
Chartered Accountant

Agrawal Jain & Co.

Raipur

CA

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details