Interest paid on housing loan repayment

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Pravesh Sharma (Querist)
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18 July 2013 i have purchase a flat in Previous Year 2012-13.I had purchased flat jointly in my name and in my wife name in 50-50 Ratio.In that year i had paid Rs.One Lakh Interest to bank.All interest and principal amount of laon paid by me.
Plz guide me,can i claim full interest deduction u/s 24.This is my first flat.I have no any other house.

Anil Sankar V

Anil Sankar V (Expert)
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18 July 2013 is the flat ready to occupy?can be claimed in the ratio of 50:50. was the flat purchased from ur earning or both?

Pravesh Sharma

Pravesh Sharma (Querist)
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18 July 2013 flat used or occupied by me in previous year.Wife no claim deduction.flat purchase from my earning exclusive only.

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Anil Sankar V

Anil Sankar V (Expert)
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18 July 2013 it has to be shown in your return,as purchased through your earnings.

Pravesh Sharma

Pravesh Sharma (Querist)
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18 July 2013 one more thing i told you that Bank loan 1s the name of me and my wife.Loan account Name in bank statement is Mr.PRVAESH SHARMA & SMT.SARUCHI DATTA

Anil Sankar V

Anil Sankar V (Expert)
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18 July 2013 it is okay , u can claim deduction fully.as rent from house property under ur name.