Housing Loan, Income Tax

[sourabh jain]

We have taken a loan For Purchasing a House

House are Purchased With Both Name , ( With My and My Wife Name )

and we Also take a Loan With both name ( my and my Wife Name )

How Much Can we Claim deduction U/S 24 and in Sec. 80C

and For Which Amount we Can Claim Separately in both .

Thanks and Regards

Sourabh Jain

Posts / Replies

[Saji John]

If the EMI is deducted from different bank accounts then probably you both will get different statements and accordingly you can claim the rebate/deduction