Deduction housing loan interest
This query is : Resolved
22 February 2012
My client purchased a flat in his wife name. Loan also sanctioned in his wife name but instalment paid by both husband & wife. Can Husband Claim interest deduction from his income?
Guest
Guest
(Expert)
22 February 2012
Deduction will be available to person in whose name loan is taken. So husband will not be entitled to claim any interest as deduction.
23 February 2012
Husband is not the owner of the property,hence he can't claim 24(b) deduction.
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