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House property & deductions

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 October 2015 House Purchased in the name of Wife as 1st owner & husband 2nd owner. Housing loan taken by Husband only for purchasing said property. Can husband claim deduction in his return of Income?
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
25 October 2015 Yes he can claim deduction of interest and principal amount of loan repayment in his return.



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