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Can both husband and wife claim tax exemption?- Property Hotline
Posted
December 2, 2016
Views
6,093
Likes
35
Comments
3
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0.62%
December 2, 2016
6,093
35
3
0.62%
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6:14Now PlayingExpert: Kartik Jhaveri, Director, Transcend Consulting (India) Private Limited.
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? Will demonetization have any effect on this?
Answer: Yes, you both can get tax exemption on joint loan. If you are within the time period then file a revise returns. By this you will get tax exemption. Demonetisation will not affect the tax exemption.
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