I am living on rent in Indore, but my family is staying in Ahmedabad in a co-owned property in my name and my wife’s name. Can I claim a deduction for both rent I pay for Indore home and home loan I pay for Ahmedabad home?
Hey @Rachit_Awasthi ,
Yes, you can claim a deduction for both.
Home loan principal repayment u/s 80C up to INR 1,50,000. You can claim the home loan principal repayment up to the amount you repay. If it is partly paid by your wife, you can claim deduction only for the amount you paid
Hope this helps!