House property interest deduction.
This query is : Resolved
23 February 2015
If husband & wife is co-owner in three house property for 50-50 % share.
Whether both are eligible for deduction of Rs. 150000 in his/her return.
Whether both are eligible for deduction of Rs. 150000 in his/her return.
23 February 2015
YES, TOTAL INTEREST LIMIT IS 150000 IN BOTH OT RETURN.
24 February 2015
the can take one house deduction under he income from house property . and other house deemed income will be added in husband/wife hand as they choose.
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