Income from let out property - query

Tax queries 430 views 1 replies

Hi I have a file in which husband and wife gets income from a rental property owned jointly by them (1:1). They have a housing also jontly.

Can they both claim principle repayment deduction fully for each of them?

 

Replies (1)
Hi Merina, They can claim interest and principle on proportionate basis i.e., 1:1.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register