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Housing loan interest

This query is : Resolved 

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?

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.


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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