Duduction u/s 24b and 80c

it is usually to the wife (in the example quoted) but if the credit is in excess then it can be shared by both husband and wife

Originally posted by : Vaidehi Patil
	it is usually to the wife (in the example quoted) but if the credit is in excess then it can be shared by both husband and wife

thx....but which section saay that if the credit is in excess then it can be shared by both husband and wife

Vijay  

I will tell you practically what happens.The property owner csn get the deduction U/S 80 C snd 24(b)

And also for claining deduction u/s 24(b) .wife have to make payment from her own sources.repaymrnt of loan to be made by wife 

I have answered from practical point of view

both party will get credit equally.

actually i m a ipcc student so i gave answer as per my knowledge was concerned but i m unaware about the sections