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house loan deduction

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(Querist)
06 June 2010 i hav a question that--can husband and life both take a loan for purchasing a house...if yes thn who is eligible for deduction...both or whose name in the first in loan agreement...
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Vivek Banginwar

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Vivek Banginwar (Expert)
06 June 2010 Both can take a loan for purchasing a house & any one of them is eligible for deduction. It is not necessary that whose name is first.
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Rahul

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Rahul (Expert)
06 June 2010 My opinion is that both can take proportioante deduction if the loan is taken in the name of Husband and wife.
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CS Sourabh

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CS Sourabh (Querist)
07 June 2010 plz reply me a one perfect answer

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