22 August 2013
if a loan taken in a joint account for construction of house, deduction of Rs.1,50,000/- will be allowed to both joint holders SAPERATELY or it is the maximum in any of the case???
23 August 2013
Yes it is allowed. Moreover if the house is let out or deemed to be let out then limit of rs 1,50,000 is also not applicable as such limit is applicable for self occupied house property only.
CAclubindia
