if the HBL is taken jointly in the name of husband and spouse, then how can the deduction u/s 24b i.r.o interest on borrowed capital be claimed, provided that both of them file the ITR and the both are the co owners of the house
1 Replies
CA. RUPESH JOSHI
(Chartered Accountant)
(174 Points)
Replied 13 May 2010
In my view both husband and wife can claim the interest amount in their co-ownership ratio.
The certificate from the bank specifying the amount of interest payable by the assessee should be in both name i.e. H & W jointly.
Copy of flat purchase agreement alongwith above mentioned certificate should be filed before the AO to justify the claim.
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