DEDEDUCTION OF INTEREST ON HOUSING LOAN
This query is : Resolved
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
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.
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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