Tax benefit on home loan onterest
This query is : Resolved
16 January 2016
Hi All
The owner of the house is wife and loan is repaid by husband and wife. Amount is transferred to loan giving bank account from salary account of both.House is given on rent.In such case how much tax benefit can be claimed by both of them?
The owner of the house is wife and loan is repaid by husband and wife. Amount is transferred to loan giving bank account from salary account of both.House is given on rent.In such case how much tax benefit can be claimed by both of them?
CMA Ramesh Krishnan
(Expert)
17 January 2016
Only wife can claim the tax benefit since she is the owner of the house
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