Deduction of housing loan & interest reg
Querist : Anonymous
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
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
pls clarify. Though the house is registered in my wife's name the loan is in our joint name only kindly clarify
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