Income from House property
This query is : Resolved
mahalingeshwara bhat k
(Querist)
09 June 2010
If mrs.A having a commission business,and she has taken a housing loan in her name for which repayment is made by her husband,can she claim deduction in respect of loan and interest,(her husband has other taxable income and paid tax)can we show housing loan in her balance sheet? and how to calculate her income?
Sunil Kr. Sanganeria
(Expert)
09 June 2010
No wife cannot claim deduction for the repayment of Housing loan made by the husband.
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