home loan is taken by a person and during the F.Y. he pay the EMIs.
the property is registered on the name of his wife.
both are filing their income tax returns individually.
who will eligible to get deduction under section 24b and 80c.
ONLY WHO CALIM THE DEDUCTION IN WHICH NAME PROPERTY IS REGISTERED.
thanks for reply,
but she is not paying any EMI , only property is registered on her name.
payment is made by her husband from his personal account
As per Income tax act. only owner of the property can claim the Interest deduction u/s.24b. even paid by spouse also
Your wife can claim exemption as she is the owner of the house