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IT Benefit Home Loan for Primary borrower

Others 584 views 1 replies

I bought house in my wife name and took loan in my name as primary borrower and my wife as co-borrower. My wife is house wife i.e. not working. Can I claim income tax under section 24 for interest and section 80C for principal or please let me know how do I claim income tax benefit

Replies (1)

Sorry Brother, You have made a mistake in this case...You should have purchased the house in your own name...The benefit of repayment cannot be claimed by you...


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