Deduction on home loan
This query is : Resolved
parvesh garg
(Querist)
12 February 2017
Hey,
If a person buy a house on his wife's name 100% not co owner.
But take a joint home loan on that house.
Than what are the provision for deduction. Who is eligible to take deduction.
Is both are allowed for deduction if yes than in which ratio??
Plzzz clarify. If there is any case law on it please refer
Rupesh Maheshwari
(Expert)
12 February 2017
Husband and Wife would be allowed separate deduction only if both are Co - Owners, joint loan is of no consequence.
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