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This query is : Resolved

jyoti (Querist)

17 June 2011 respected sir,

one of my client who is paying housing loan.and regitry is in the name of wife
and my client name is after wife name. what is the tax treatment fgive suggestion to me
jyoti

CA PARAS BAFNA

CA PARAS BAFNA (Expert)

17 June 2011 In Gujarat it happens so.

The name of a lady is written as ...

"SUMITRABEN DASHRATHBHAI KHANDWALA."
Is it like so???

Husband will not get benefit, unless he is a co-borrower with his wife and shows property in his personal balance sheet.
*
or
*
1. "SUMITRABEN KHANDWALA."
2. "DASHRATHBHAI KHANDWALA."
*
The husband can claim tax benefits in the above case as he is a co-owner of the property and making repayment.

Abhishek Ranjan Singh

Abhishek Ranjan Singh (Expert)

17 June 2011 your client is paying home loan
and his name in registry paper is after his wife's name. It means he is a co owner.
your client can claim tax benefits
and
if her wife's name is also in home loan than any one can claim tax benefits.
IT EITHER YOUR CLIENT OR HIS WIFE.

Mr Paras Sir,
Mr. Husband is surly co-owner otherwise how can he get the home loan.

For any Query and online income tax return filing (e-filing) contact:
ABHISHEK RANJAN SINGH
ARS Solutions
+91 9022838615
email2ars@gmail.com

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