Regarding income tax home loan
This query is : Resolved
15 February 2019
EXPERT ,
I HAVE TAKEN A HOME LOAN ON MY NAME . MY WIFE ALSO HAS SALARY INCOME. SIR I JUST WANT TO KNOW THAT CAN I TRANSFER MY HOME LOAN INTEREST AMOUNT TO MY WIFE FOR SAVE INCOME TAX. While the house is in my own name
I HAVE TAKEN A HOME LOAN ON MY NAME . MY WIFE ALSO HAS SALARY INCOME. SIR I JUST WANT TO KNOW THAT CAN I TRANSFER MY HOME LOAN INTEREST AMOUNT TO MY WIFE FOR SAVE INCOME TAX. While the house is in my own name
15 February 2019
Income tax law does not permit to do so. Pl refer section 24(b).
Message likes :
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15 February 2019
BUT SIR IF HOUSE IN YHE NAME OF WIFE. THAN CAN SHE TRANSFER THE DEDUCTION OF INTEREST U/S 24B.
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