Deduction for Housing Loan
This query is : Resolved
nitin gulati
(Querist)
06 April 2009
Huaband & Wife has taken home loan to acquire Self Residential House in Joint name.
But the registry of House is done in the name of wife only to save the stamp duty
Full Loan instalment is paid by husband.
1.Whether husband can claim for Tax Benefit under ITax u/s 80C.& Sec 24.
If no why?
But the registry of House is done in the name of wife only to save the stamp duty
Full Loan instalment is paid by husband.
1.Whether husband can claim for Tax Benefit under ITax u/s 80C.& Sec 24.
If no why?
chetan soni
(Expert)
06 April 2009
for claiming the interest & principal repayment one has to be legal owner of the property. And in your case property is registered in the name of wife then only wife can claim interest & repayment of housing loan in her income tax return.
want to be claim by both then you need to talk to advocate to get the property registered in the name of both husband & wife.
want to be claim by both then you need to talk to advocate to get the property registered in the name of both husband & wife.
nitin gulati
(Querist)
07 April 2009
Chetan Ji
Thanks for your prompt reply
Thanks for your prompt reply
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