Home loan co borrower but not a co owner - tax benefits
This query is : Resolved
P.Senthilraja
(Querist)
22 January 2016
A couple purchased a House in the name of wife. Loan is joint loan but the house is 100 % owned by the wife. 100 % repayment made by husband through his bank account. In this case who can claim Section 80C deduction and Section 24 Interest ?
22 January 2016
No. Both the assesse cannot claim the deduction as the person repaying the loan should be both the co owner and co borrower
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