banner_ad

Joint home loan tax rebate

This query is : Resolved 
Profile Image

Profile Image

(Querist)
01 December 2013 Hello everyone, this is my first message @caclub. My situation is as follows: (1) I have purchased Land (500 yards) in the name of my wife (sole owner) (cheques are issued from my salaried acc) .......May 2010 (2) We took joint home loan for construction on June 2012 in which me & my wife are co-borrowers. (3) All EMIs will be payed majorly by me. My query is: CAN I Avail Rebate of interest & principal amount (i am not an owner)? IF NOT THEN is there a procedure to show me as a co-owner without repeating the registry process again (as it is very costly).
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
01 December 2013 yes u can claim int paid on loan but only 50% shall be allowed to u and 50% to ur wife.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details