House property & deductions
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 October 2015
House Purchased in the name of Wife as 1st owner & husband 2nd owner. Housing loan taken by Husband only for purchasing said property. Can husband claim deduction in his return of Income?
25 October 2015
Yes he can claim deduction of interest and principal amount of loan repayment in his return.
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