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Deduction

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 January 2015 My client wants to take housing loan on land which is registered in his wife name.Can he get benefit of sec 80C n 24..
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
22 January 2015 he must be the co onwer then only he can get the said benefits.
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Querist : Anonymous

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Querist : Anonymous (Querist)
22 January 2015 sir he is not co owner land is in name of wife and he will do construction thru loan...can he claim deduction
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Querist : Anonymous

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Querist : Anonymous (Querist)
22 January 2015 sir he is not co owner.Land is in name of wife and he will do construction thru loan.can he claim deduction
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
22 January 2015 if any property is also built over it then still the owner remains his wife and hence unfortunately he will not be allowed the benefit so better insert his name as co onwer.
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Querist : Anonymous

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Querist : Anonymous (Querist)
22 January 2015 sir it means we have only option of joint loan...then only we claim deduction in both d files
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
22 January 2015 even if u take joint loan still she will be eligible and not u as onwership is imp for deduction.
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Rupesh Jain

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Rupesh Jain (Expert)
23 January 2015 without ownership on house you cannot get the benefit.
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