https://www.taxtmi.com/forum/issue?id=1397 Each spouse may hold a separate house property and one house may be treated as self occupied for exemption; where the acquiring spouse takes a loan in her own name and the property is let out, interest on that borrowing is deductible against rental income. Title, occupancy status and the identity of the borrower determine entitlement to exemptions and deductions, and a property purchased and financed solely by the spouse who will rent it qualifies for interest deduction against the rental receipts without the self occupation restriction. en-us Wed, 05 Aug 2009 08:18:54 +0530 Thu, 23 Jan 2025 15:58:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1397 Each spouse may hold a separate house property and one house may be treated as self occupied for exemption; where the acquiring spouse takes a loan in her own name and the property is let out, interest on that borrowing is deductible against rental income. Title, occupancy status and the identity of the borrower determine entitlement to exemptions and deductions, and a property purchased and financed solely by the spouse who will rent it qualifies for interest deduction against the rental receipts without the self occupation restriction. Discussion-Forum Income Tax Wed, 05 Aug 2009 08:18:54 +0530 https://www.taxtmi.com/forum/issue?id=1397