Housing laon taken in Joint name
This query is : Resolved
28 July 2009
My question : housing loan taken in Joint name along with wife and she is house wife no source of income, Can the husband claim total amount of housing laon and interest and what extent please clarify.
Thanks.
Thanks.
Guest
Guest
(Expert)
28 July 2009
In housing loan case, bank will issue a interest certificate and as per certificate u can claim.
28 July 2009
Check the few things,
01. Whos name apprearing first on the certificate
02. Check full repayment is made from the account of husband.
03. Self declration from wife, that she will not be claiming this in her income tax return.
If all the above conditions fullfill then husband can claim the full interest & repayment benefit in his income tax return.
Thats it.
01. Whos name apprearing first on the certificate
02. Check full repayment is made from the account of husband.
03. Self declration from wife, that she will not be claiming this in her income tax return.
If all the above conditions fullfill then husband can claim the full interest & repayment benefit in his income tax return.
Thats it.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- Booth for sales promotion
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Exiting partner in partnership firm in gst portal
- FEMA regulation Act. for inward remitance
- Difff in ais receipts and gst turnover
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
