Deduction u/s 24b on interest on housing loan
This query is : Resolved
26 February 2013
Mr. A is a salaried employee. His wife B is housewife. Mr. A has purchased a house, but the same is in the name of his wife B. He is not the co-owner of the house. Now, for purchasing this house they have taken a housing loan, which is also in the name of his wife B. Mr. A is not a co-applicant in the housing loan.
My question here is whether Mr. A can claim deduction u/s 24b of int. on housing loan as he is the person who is paying the EMI's.
My question here is whether Mr. A can claim deduction u/s 24b of int. on housing loan as he is the person who is paying the EMI's.
CA Prashant Gupta
(Expert)
26 February 2013
how can he claim
neither he is owner nor he has taken loan
he can't take benefit
neither he is owner nor he has taken loan
he can't take benefit
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