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Can one apply for a tax deduction on joint home loan?- Property Hotline
Posted
November 4, 2016
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892
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November 4, 2016
892
4
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0.56%
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3:29Now PlayingExpert: PV Subramanyam, Home Finance Expert
Question: My wife and I are government employees and we have taken a joint loan. While applying for an Income Tax exemption, only I applied. Can we both apply for the exemption? If yes, in what proportion?
Answer: Yes both of you can apply for tax exemption in the proportion of ownership. Make sure both of you pay the instalments.
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