Tax deduction on interest on housing loan u/s 24
This query is : Resolved
13 March 2013
I would like to confirm whether interest deduction on housing loan will be available to an assessee if the registry of house is in the name of his wife (She is Housewife) and loan has been taken in the name of assesse. interest certificate has been issued in the assesse (employee) name by the bank. Houever House has been purchased by the assesse by his income.
14 March 2013
The house is owned by your wife and income from same will be assessed in your wife's hand.
You will not be able to claim interest on same.
You will not be able to claim interest on same.
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