16 March 2011
Mr.K & Mrs. K jointly hold a House property in mumbai which is self occupied by both. Mrs.k is a co owner to the property. She is also the co borrower to a Housing Loan . Interest for that year of Rs. 76,229/- was also paid from their joint A/c.They both file their IT Returns.
Can Mr.k claim the entire amount u/s 24 or should it compulsarily be claimed by both? If it is to be claimed by both, then in what proportion?
CAclubindia
