26 February 2013
Mr. A is a salaried employee. His wife B is housewife. Mr. A has purchased a house, but the same is in the name of his wife B. He is not the co-owner of the house. Now, for purchasing this house they have taken a housing loan, which is also in the name of his wife B. Mr. A is not a co-applicant in the housing loan.
My question here is whether Mr. A can claim deduction u/s 24b of int. on housing loan as he is the person who is paying the EMI's.
CAclubindia
