EASYOFFICE
EASYOFFICE

Can both claim deduction in income tax ?

This query is : Resolved 
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(Querist)
25 June 2022 Mr. X and Mrs. Y are husband & wife and they are taxable assessees in income tax
they jointly taken home loan and purchased building

both are applicants in home loan but EMI is deduction from one person only (EMI per annum 4,20,000)

now can both claim deduction in income tax? (home loan interest and prinicipal)
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
26 June 2022 Yes, both can claim deduction.

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