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Rebate on Home Loan

This query is : Resolved 
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(Querist)
25 December 2008 Sir, I have taken a home loan based on my salary. My wife is house wife with no source of income. Entire loan EMI is paid by me but my wife is coapplicant in my home loan. The house i purchased is in the name of my wife.
Will I be eligible for Tax rebate on interest paid by me?
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C A GROUP COACHING

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C A GROUP COACHING (Expert)
25 December 2008 YES AS YOU ARE PAYING THE INSTALLMENTS & AS YOU SAID YOUR WIFE IS CO APPLICANT SO YOU ARE ALSO A PARTY TO THE APPLICATION AS A BORROWER. GO AHEAD CLAIMING THE DEDUCTION
CHANDRAKANT AMBANI
BOMBAY
9819408963 / 9821240674
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Rajesh

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Rajesh (Querist)
25 December 2008 But the house is registered in the name of my wife? Is it not necessary that the property should be in my name to claim the tax benifit?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
25 December 2008 Yes you are eligible. See my detailed answer under your repeated query.
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