21 January 2016
Hi. Suppose we have property in husband name and bank has sactioned housing loan jointly in the name of husband and wife. Then you will claim deduction for it? Is it depends upon who is paying it?
21 January 2016
The husband will be eligible for claiming deduction. For joint benefits both husband and wife should be joint owners as well as joint borrowers.
Sir I have one more question suppose I took housing loan for construction and say construction is completed after 3 years then repayment made in those 3 years is eligible for deduction u/s 80c?
CAclubindia
