Interest on borrowed capital
This query is : Resolved
22 September 2013
If the house property is registered in the name of the wife of the assessee and the loan for the house property is being paid by the assessee himself is the interest exemption u/s 24 available to the assessee? also whether principal repayment deduction u/s 80C available to the payer of the loan(i.e. the assessee himself).
22 September 2013
Dear Anil.
Technically none of the deductions under 80C and 24B shall be available to the husband.
Technically none of the deductions under 80C and 24B shall be available to the husband.
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