Every joint owner of a property can avail tax benefits on the EMI being paid…
I bought an apartment in 2007, which is owned jointly with my wife. The home loan too has been taken by both of us, but the account from which the EMI is deducted is not held jointly. The interest component of the loan is more than Rs3 lakh a year. Can both, my wife and I, claim tax benefit?
- Rajesh Jain
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