Interest on self occupied house
This query is : Resolved
04 December 2012
Can both Husband and Wife claim interest deduction of Rs.1.50 lakhs each under sec 24 of IT Act which they have taken Joint house loan
04 December 2012
Yes, Deduction u/s 24 is allowed to each assessee....
If there is a joint loan then both can take deduction to the extent of 1.5 Lack each (if self occupied)
If there is a joint loan then both can take deduction to the extent of 1.5 Lack each (if self occupied)
05 December 2012
yes since both are assessable separately on the basis of ownership of the house.
05 December 2012
Yes both of them claim deduction separately Rs.1.5 lac each.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Application of 115BAC
- RCM - commercial rent paid to URP under GST
- Offsetting interest income against derivative trading losses
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
