Purchase of residential house property in joint name
This query is : Resolved
08 November 2018
DEAR SIR,
ONE OF MY CLIENT GOING TO PURCHASE RESIDENTIAL HOUSE PROPERTY FROM BUILDERS. THE PROPERTY WILL BE REGISTERED IN THE HUSBAND AND WIFE NAME. HUSBAND IS UN EMPLOYEE BUT HIS WIFE IS GOVT. LECTURER. CAN AVAIL TAX BENEFITS OF FULL AMOUNT OF HOUSING LOAN INTEREST AND PRINCIPAL AMOUNT FOR HIS WIFE.
REGARDS
ONE OF MY CLIENT GOING TO PURCHASE RESIDENTIAL HOUSE PROPERTY FROM BUILDERS. THE PROPERTY WILL BE REGISTERED IN THE HUSBAND AND WIFE NAME. HUSBAND IS UN EMPLOYEE BUT HIS WIFE IS GOVT. LECTURER. CAN AVAIL TAX BENEFITS OF FULL AMOUNT OF HOUSING LOAN INTEREST AND PRINCIPAL AMOUNT FOR HIS WIFE.
REGARDS
08 November 2018
Yes, She can avail the Tax Benefit of Full Amount.
08 November 2018
THANK YOU FOR YOUR REPLY
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