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
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Tax benefit u/s 24b
Replies (5)
Person can claim interest only that much amount that he has paid but not more than 2lakh under sec24
Husband and wife each paid interest of 120000 each
can husband claim 170000 and wife claim 70000 rather than claiming 120000 each
can husband claim 170000 and wife claim 70000 rather than claiming 120000 each
No, you can't claim more intetest
No you can't
Interest paid is taken as deduction in the ratio of ownership of property,subject to maximum of actual amt paid or Rs 2 lakhs.
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