Loss under house property
This query is : Open
02 July 2012
I(resident individual)purchased house property and in sale deed only my name is there and my wife is not the co-owner but i have taken housing loan in the name of my wife(resident women assessee)and i am also a co-applicant and repayment of loan is made from my S/B A/c. So loss under house property(interest payment)and deduction u/s 80C(principal repaid) is to be taken by whom?? myself or my wife??? plz quote similar judgement if any...
02 July 2012
The property is not jointly held.The owner only can avail the benefits of claiming either the Loss from House property or Sec 80 C.
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