Income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 February 2013
PLEASE PLEASE TELL ME THE PERSON(HUSBAND/WIFE) WHO WILL AVAIL THE DEDUCTION IN THE FOLLOWING CASE:
THE OWNER OF THE HOUSE(IN QUESTION)IS WIFE AND THE HOUSING LOAN IS ON JOINT BASIS AND THE PAYMENT IS MADE FROM THE INDIVIDUAL BANK ACCOUNT OF HUSBAND.
PLASE TELL ME THAT WHETHER WIFE WILL AVAIL DEDUCTION(BECO'S INCOME WILL BE ASSESSED ON HER AS SHE IS THE OWNER OF THE HOUSE) OR HUSBAND WILL AVAIL THE DEDUCTION(BECO'S HE IS PAYING THE AMOUNT)
THE OWNER OF THE HOUSE(IN QUESTION)IS WIFE AND THE HOUSING LOAN IS ON JOINT BASIS AND THE PAYMENT IS MADE FROM THE INDIVIDUAL BANK ACCOUNT OF HUSBAND.
PLASE TELL ME THAT WHETHER WIFE WILL AVAIL DEDUCTION(BECO'S INCOME WILL BE ASSESSED ON HER AS SHE IS THE OWNER OF THE HOUSE) OR HUSBAND WILL AVAIL THE DEDUCTION(BECO'S HE IS PAYING THE AMOUNT)
26 February 2013
Hi
If owner of house is wife then husband can not claim any deduction.
Yes wife can claim deduction on the basis of certificate issued by bank.
Thanks!!
If owner of house is wife then husband can not claim any deduction.
Yes wife can claim deduction on the basis of certificate issued by bank.
Thanks!!
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