Easy Office
LCI Learning

Wife avails tax benefit on husband property

This query is : Resolved 

11 July 2022 Dear Team, Home purchased in my name ( Husband ) , home loan taken , my wife also co-borrower , loan EMI paid from my wife bank account ,
can my wife avail tax benefit on this ??

11 July 2022 Your must should also be the co-owner of the property to avail of Income Tax deduction.

11 July 2022 No. She cannot avail the deduction u/s. 24(b) of IT act.




11 July 2022 Then what is the solution??
How my wife will get tax benefit,
What we need to do now??

12 July 2022 As suggested by expert, wife should have been owner/co-owner of the property, as well as co-borrower of the loan to avail the home loan benefit.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries