interest on housing loan-allowability

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v.viswanathan (Querist)
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25 June 2008 whether interest on the housing taken by the husband in the name of the wife is allowable in his hands when the wife is not having any taxable income. please give any decision in this connection

CA.JAYAKUMAR.J

CA.JAYAKUMAR.J (Expert)
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25 June 2008 hello mr viswanathan

can i know whether the loan is obtained only in wife name or jointly , whether the property in the name of wife or jointly held

thanku

Pranesh

Pranesh (Expert)
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26 June 2008 if the property jointly held and it is a joint loanthen wife can claim deduction.

v.viswanathan

v.viswanathan (Querist)
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27 June 2008 only the loan is in the joint names whereas the property is in the name ofkindly enligten the position now

v.viswanathan

v.viswanathan (Querist)
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27 June 2008 only the loan is in the joint names whereas the property is in the name ofkindly enligten the position now

v.viswanathan

v.viswanathan (Querist)
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27 June 2008 the property is in the name of the wife. loan is in the joint names.

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