Housing loan principle and interest claim
This query is : Resolved
K G Parthi
(Querist)
26 July 2013
Hi Experts,
One assessee have borrowed housing loan in joint name of his wife from LIC .
But house is in the name of the assessee. Also he is paying the loan from his account.
Now, can the assessee claim the entire interest and principal in his Income Tax Return?
Do we have any case law for this?
Kindly guide me.
One assessee have borrowed housing loan in joint name of his wife from LIC .
But house is in the name of the assessee. Also he is paying the loan from his account.
Now, can the assessee claim the entire interest and principal in his Income Tax Return?
Do we have any case law for this?
Kindly guide me.
26 July 2013
YES ASSEESSEE CAN CLAIM AS ON IS IN HIS NAME.
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