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Discussion > Income Tax > Others > IT Benefit Home Loan for Primary borrower   Post New Topic

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TVS
DA
[ Scorecard : 24]
Posted On 14 December 2009 at 18:36 Report Abuse

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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


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Amir
Learner
[ Scorecard : 2660]
Posted On 24 December 2009 at 16:19

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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