1. House is bought by wife in her own income then there is no issue, rent paid by husband too wife is allowed as HRA & the wife has to show the rental income in her return
2. If the wife is not earning and the house is bought by you on her name then entire rent income of wife will be again clubbed in your income
but joint ownership there is no question of rent exemption under HRA
Querist :
Anonymous
Querist :
Anonymous
(Querist)
18 November 2014
Thank you Ramesh.
i got the point.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
19 November 2014
How can i get tax exemption on this.? I am paying Housing EMI and the property is on my name. Am i eligible for HRA exemption? If not, is there any alternative for tax planning?