Deduction
This query is : Resolved
Anil Kumar
(Querist)
09 May 2013
An assesee obtained Home loan on a house named on his wife. He repay some installments (Principle + Interest) in previous year. How can he get deduction while computing his income since he don't have any house property in his own account ????
his wife also have some income but loan was on husbands name..... what to do in that case ???
Can husband claim deduction in his computation of total income, if yes then how ????
his wife also have some income but loan was on husbands name..... what to do in that case ???
Can husband claim deduction in his computation of total income, if yes then how ????
CMA Ramesh Krishnan
(Expert)
09 May 2013
Since the house property in the name of wife, Husband is not eligible to take deduction even he paid the installment also
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