Section 24b
This query is : Resolved
17 August 2012
home loan is taken by a person and during the F.Y. he pay the EMIs.
the property is registered on the name of his wife.
both are filing their income tax returns individually.
who will eligible to get deduction under section 24b and 80c.
the property is registered on the name of his wife.
both are filing their income tax returns individually.
who will eligible to get deduction under section 24b and 80c.
17 August 2012
ONLY WHO CALIM THE DEDUCTION IN WHICH NAME PROPERTY IS REGISTERED.
17 August 2012
thanks for reply,
but she is not paying any EMI , only property is registered on her name.
payment is made by her husband from his personal account
but she is not paying any EMI , only property is registered on her name.
payment is made by her husband from his personal account
17 August 2012
As per Income tax act. only owner of the property can claim the Interest deduction u/s.24b. even paid by spouse also
17 August 2012
Your wife can claim exemption as she is the owner of the house
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