Home loan co borrower but not a co owner - tax benefits

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P.Senthilraja (Querist)
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22 January 2016 A couple purchased a House in the name of wife. Loan is joint loan but the house is 100 % owned by the wife. 100 % repayment made by husband through his bank account. In this case who can claim Section 80C deduction and Section 24 Interest ?

CA Pracheta Shirish Deshmukh

CA Pracheta Shirish Deshmukh (Expert)
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22 January 2016 No. Both the assesse cannot claim the deduction as the person repaying the loan should be both the co owner and co borrower

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