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Benefit on home loan interest

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(Querist)
08 March 2022 Please advise tax benefit on Home loan Interest of Joint Property purchase by Husband and wife for self occupied 2.Also advise is it any condition for payment of EMI from both Bank Account or Joint Account?

Dharam Pal
9810600330
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
12 March 2022 Home loan interest and principal repayment tax benefit is allowable only if property is in joint name and house loan also in joint name.

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