Income from house property
This query is : Resolved
vikas jain
(Querist)
27 January 2013
if husband take loan against house property and purchase property on wife's name , then can he claim deduction on repayment of housing loan [u/s 80c(xviii)] and deduction of Interest(u/s 24b)
CA PARAS BAFNA
(Expert)
27 January 2013
Loan taken against his House property by the Husband is called mortgage loan.
.
By utilising such mortgage loan for purchasing the property in his wife's name, he can not claim the deductions you have mentioned.
.
.
By utilising such mortgage loan for purchasing the property in his wife's name, he can not claim the deductions you have mentioned.
.
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