Deduction for Housing Loan interest and Principle
This query is : Resolved
21 March 2009
Myself and my wife, both are working, have applied for a housing loan with LIC. The property will be in joint name. Who can claim deduction under Income Tax Act for the interest and principle repayment of the loan. Please advice.
21 March 2009
BOTH CAN CLAIM INTEREST DEDUCTION PROVIDED LOAN IS IN JOINT NAME.
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