I took home loan jointly with my wife. We are paying yearly interest component of Rs.3Lakhs & Principal component of Rs.2Lakhs. My question is whether both can cliam Interest & prinicipal under Sec24 & 80C? (i.e Under 24C = Rs.1,5Lakh /each & under 80C = Rs.1Lakh / each). Pls clarify
1 Replies
VIKASH GUPTA
(COMPANY SECRETARY)
(43 Points)
Replied 27 December 2013
Yes Mr. Murugan.... You can do so...
The limit of Rs. 1.5 lakh for interest is seprate for each applicant.
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