22 December 2008
A Jointly owned Property(Flat Self Occupied)by Husband & Wife both having salary Income, on that flat Interest has been paid to bank Rs.450000/-.
Wheather both can Claim Interest deduction U/s 24 Loss from House property Rs.150000/- Individually in their Respective Return or deduction is restricted to Rs 150000 Individually Claiming Rs.75000 each. Housing Loan is in the name of both husband & wife
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