Home Loan Deduction in case of Husband & Wife

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  1. UDAYRAJ

    UDAYRAJ New Member

    HUSBAND AND WIFE ARE OWNER OF TO SEPARATE HOUSE. SUPPOSE HUSBAND IS OWNER OF 'A' PROPERTY AND WIFE IS OWNER OF 'B' PROPERTY. HOWEVER BOTH HAVE TAKEN 2 HOME LOAN JOINTLY. HOW THEY CAN CLAIM DEDUCTION OF HOME LOAN? PLEASE GUIDE.
     
  2. rudrabose

    rudrabose Active Member

    The person who is repaying the loan would be taking claim the deduction.

    If they both are repaying the loans, they would be claiming deduction in the ratio in which the loan is being repaid.
     
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