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Housing loan interest

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(Querist)
03 March 2021 My wife n myself income tax assesses n wants to construct a house on a land owned by her by taking housing loan from bank having joint account, her's is the first name. Shall I make payment through my salary account n claim HBA interest?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
04 March 2021 Yes, provided the following conditions are fulfilled.

* the loan should be in your name or in the joint names of yourself and spouse.

* the house to be constructed should be in your name or in the joint names of yourself and spouse in government records.
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O.D.SHARMA

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O.D.SHARMA (Expert)
04 March 2021 Until your name is not there no benefit on loan /interest..your name is must and loan repayment from your ac is needed




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