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Can Both Husband And Wife Claim Home Loan Interest ?

1 Answer
K
Kapilashwa Arya

Yes, if they are joint owners and co-borrowers of the property, both husband and wife can claim home loan interest. They are eligible for tax breaks under Sections 24 and 80C of the Income Tax Act. However, if the property is self-occupied, the total deduction for interest payments is limited to INR 2 lakh per year. If the property is rented out, the deduction for interest payments has no upper limit.

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