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Home Loan Claim by husband

This query is : Resolved 
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(Querist)
26 March 2009 Dear Freinds,

Can a person claim the home loan instalment paid by his wife.
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CA LOKESH KASAT, FCA, M.Com

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CA LOKESH KASAT, FCA, M.Com (Expert)
26 March 2009 No he can't
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Vipul J. Bhavsar

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Vipul J. Bhavsar (Expert)
26 March 2009 YES he can only if-
1) The loan is in the name of both (husband & Wife);
2) The husband and wife are shown as Co-owners of the said property and
3) The income of wife is clubbed with that of Husband



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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
26 March 2009 No,
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
26 March 2009 Principal component - No.
Interest component - Yes.

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