Can Husband & Wife both claim Interest on Home Loan

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  1. sunil W J

    sunil W J New Member

    do husband and wife, both co owners of house, can claim same amount paid as principal amount and interest of housing loan for income tax reduction? eg:- if principal amount paid is Rs. 25000/- and interest is Rs 100000/- both are eligible to get tax benefit for the same amount(both are salaried persons)?
     
  2. Parul_Gupta

    Parul_Gupta Active Member

    Dear @sunil W J

    You would only be eligible for the share of principal and interest repaid by you and your wife would be eligible for the share of principal and interest repaid by her
     
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