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Income tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 January 2014 sir

I want to know if an individual having housing loan in joint name of husband and wife , so while taking the dedction for the repayment of hosuing loan and interst paid for the year can both get the rebate 50% or only one can claim. if the 50 % is allowed , what is proceducre to settle the amount, is any declartion format is there for the same

thanks
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@VaibhavJ

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@VaibhavJ (Expert)
20 January 2014 Hi

He/She can get benefit w.r.t. amount paid by him/her.

Thx
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