Can the principal portion repaid by husband on the loan taken by him on his salary (over and above1 lakh) on a jointly owned property be claimed by wife under 80C?
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Deduction for housing loan principal repayment under 80c
Replies (2)
No
since the same is repaid by the husband, it will be allowed to husband only u/s 80C of chapter VIA.
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No.
The deduction can not be allowed to your wife.
For deduction there are few criteria like you should own the house, loan should be granted in your name, the payment should be done from your account etc.
On the basis of above your wife can not avail the deduction u/s 80C.
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