Deduction of housing loan interest u/s 24

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 January 2014 Hi,

I am currently having a housing loan from a Bank jointly with my Mother and now the loan has been paid of it.

Now I have purchased a new house jointly with my father. but the housing loan is being paid by me in this case

Can I claim an exemption U/s 24 for this new house.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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09 January 2014 As Co owner of the property you can claim the deduction u/s.24. but only one house can be taken as self occupied status. other one can be consider as let out property