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Rebate of interest on borrowed capital

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 October 2011 Kindly advise whether rebate on borrowed capital could be allowed to the assessee who has taken a House loan on his name but the registration of the house has been made in his wife's name.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
06 October 2011 Husband can't claim ,since he is not the owner of the house property. Pl see section 24(b) of the Income tax Act,1961.
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