Housing loan interest
This query is : Resolved
Nikson Kuriakose
(Querist)
20 March 2015
Wife is an LIC employee. She has took a housing loan from LIC And also enjoying deduction u/s 80c as interest on housing loan paid. But owner of the property is husband and her husband made a letter of declaration that he is not claiming interest on housing loan as deduction (u/s 80c.
Can wife claim deduction us 80 c ?
Can wife claim deduction us 80 c ?
20 March 2015
if wife is not the owner or coonwner then she cannot claim dedcution on loan or intrest paid
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Amol S Joglekar
(Expert)
20 March 2015
01. I am sure, LIC means Life Insurance Corporation of India.
02. I never come across with such a BLUNDER situation in LIC that loan is given to WIFE and property is not in her name.
03. Appreciate if you could quote the instance along with names, so that the same benefit can be extended to other fellow INDIAN brothers and sisters.
02. I never come across with such a BLUNDER situation in LIC that loan is given to WIFE and property is not in her name.
03. Appreciate if you could quote the instance along with names, so that the same benefit can be extended to other fellow INDIAN brothers and sisters.
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