Loss on housing property

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 September 2012 Can i avail rebate for myself only if housing loan taken jointly with my wife, however she will not claim any rebate in this regard. me only paying EMI through my single A/C

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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25 September 2012 Rebate will be allowable for the owner of the house property & actual loan taken person. owner of the house property 1st condition need to satisfy

Where the property is under ownership of more than 1 person, then the deduction also will be proportionately can be taken