Interest on housing loan
This query is : Resolved
Guest
Guest
(Querist)
11 August 2011
If both wife and husband are repaying half-half housing loan, i.e. for six months, by husband and by wife for the remaining period.
In this situation, who will get interest deduction from their house property income:
if house was not let-out and
if house was let-out and husband receiving the rent.
In this situation, who will get interest deduction from their house property income:
if house was not let-out and
if house was let-out and husband receiving the rent.
11 August 2011
if the loan & house property in joint name then both can claim 50% deduction. otherwise the owner of the house property can be claim the deduction
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