Deduction for Housing Loan
This query is : Resolved
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?
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.
07 April 2009
Chetan Ji
Thanks for your prompt reply
Thanks for your prompt reply
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- Value of property in capital gain
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
