Housing Loan Income Tax Benefit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 June 2011
I am paying EMI on a Housing Loan since last 3 years. I have not been able to fully utilise the Tax benefits that the Housing loan allows me as i have other investments and deductions too.
I got married last year and have been thinking if there is a way the Tax benefit of the Loan can be shared between me and my wife so that there is optimum utilisation of this provision the IT authorities have offered.
Thanks
JTA
I got married last year and have been thinking if there is a way the Tax benefit of the Loan can be shared between me and my wife so that there is optimum utilisation of this provision the IT authorities have offered.
Thanks
JTA
03 June 2011
No the laon cannot be shared as the property is in single name and the loan also has been taken in single name.
So this type of arrangement cannot be done.
So this type of arrangement cannot be done.
12 June 2011
Not possible
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