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DEDEDUCTION OF INTEREST ON HOUSING LOAN

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14 January 2020 RESPECTED SIR,
A HUSBAND AND WIFE HAVE TAKEN HOUSING LOAN IN JOINT NAME,BUT THE PROPERTY IS PURCHASED IN THE NAME OF WIFE.
CAN HUSBAND CLAIM DEDUCTION OF INTEREST OF RS.200000.00 U/S 24 (b)

SIR PLEASE GUIDE

WITH REGARDS

15 January 2020 No... Interest can be claim only by wife as property owner.

15 January 2020 No. Since property is not owned by husband, he can NOT claim deduction.




15 January 2020 BUT SIR U/S 24(b) OF THE ACT,IT IS NOT CLARIFIED

16 January 2020 what clarification do you need from section 24(b)?
When a property is not owned by husband, there arises no question of claiming deduction. And for that no clarification is required.



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