Interest on housing loan

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JAYAKUMAR.M.G

JAYAKUMAR.M.G (Querist)

25 February 2015 Dear Experts
In respect of a Housing loan availed by wife for construction of a residential building in the property of husband, ie, land is in the name of husband, who is an unemployed, whether , wife can claim full amount of Interest and Principal for Income tax on salaries . House construction completed as on 31.3.2012 and last year employer allowed Interest and Principal for TDS and this year employer informed that only the owner of the property can claim interest on Housing Loan. Please advice with any decided case laws or specifying the law

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

25 February 2015 wife can claim deduction only if she is either owner or coowner of hp.

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JAYAKUMAR.M.G

JAYAKUMAR.M.G (Querist)

26 February 2015 Thank you for the reply .Can you point out the specific section in which you based. There may situations where only the apartments may be transferred without having undivided share of land.
Rgds

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