Home loan

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richa (Querist)
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17 December 2013 if I take home loan in joint name. say interest is 1 lakh will I and my husband both can claim interest deduction u/s 24 I.e. total of 2 lakh deduction

Satyendra

Satyendra (Expert)
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17 December 2013 No....its nor correct. and not possible

CA Sanjeev Kumar

CA Sanjeev Kumar (Expert)
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18 December 2013 Yes Richa, You can claim the deduction of one lack in your name and one lack for your husband.

Refer Section-26, for the co-ownership of a property. In case, the self used property then 1.5 lack will be eligible for each of co-owner.

For further details ; follow on facebook, wwww.facebook.com/info.sjk

thanks

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