Deduction - interest on housing loan

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....eduction - interest on housing loan<br> Query (Issue) Started By: - madhavvan Dated:- 1-7-2009 Last Reply Date:- 1-7-2009 Income Tax<br>Got 1 Reply<br>Income Tax<br>X is employed and co has provided q....

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....uarters to him he has purchased a house and taken loan for the same the house is let out and rent is received by his wife who files her return and does not claim any deduction. can X claim interest on....

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.... housing loan as per provisions of sec 24 and repayment of housing loan in his return of income Reply By rishi mohan: The Reply: In the above case X cannot claim deduction for the interest paid. The ....

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....deduction can only be claimed by the owner of the property. If in case the property is in co-ownership, then the deduction for interest can be claimed in the ratios defined.<br> Discussion Forum - Kno....

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