Hi ,
I purchased flat and made my wife as co-applicant for loan though I am paying 100% since she does not have any income. Now I want to pay the rent for her and define the same as her contribution to loan payment. Hence, can I claim the tax benefits for my contribution for home loan repayment and as well as HRA which I am paying to my wife.
Really appreciate your help.
Regards,
Venkat K
No you cant show it this way. The rent paid to the wife cant be claimed as deduction, as husband & wife stay in the same flat. Moreover your wife does not has any income. the better way would be that the agmt shud be prepared in the name of the landlord & you. then you can claim exemption for HRA as well as home loan benefits.
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