Deduction of housing loan & interest reg

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 December 2012 sir,

I bought a house which cost Rs 25 lacs. The house is registered in my wife name.

my wife is also employed. we took a housing loan from HDFC . The loan account is in joint name only. we also give the cheque from our joint bank account only where we fund from our salaries .

NOW CAN U PLEASE ADVISE

WETHER BOTH CAN AVAIL THE HOSING LOAN PAYMENT / INTEREST PAYMENT EQUALLY SHARED BETWEEN US FOR OUR INCOME TAX BENIFIT.?

PLS REPLY WHICH I CAN GIVE TO MY FINANCE DEPARTMENT

THANKING YOU

WITH REGARDS

CA Neha Chauhan

CA Neha Chauhan (Expert)
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26 December 2012 Hiii,

you can avail the benifit of interest payment of housing loan if and only if you are the owner of the house...if the house is jointly registered in yours name and you are paying interest then you can avail the banefit for the same.

Querist : Anonymous

Querist : Anonymous (Querist)

26 December 2012 Thank you verymuch sir, now the loan statement bearing both our names hence can i go ahead in claiming the benifit equally for my self and my wife ?

pls clarify. Though the house is registered in my wife's name the loan is in our joint name only kindly clarify