Deduction under section 24(b).

This discussion clarifies whether a husband can claim a deduction for home loan interest under Section 24(b) of the Income Tax Act. If a property is registered in a wife's name, but the husband is the primary loan taker and co-borrower, making all principal and interest payments, he can indeed claim the deduction. This applies even if the wife has no independent income, provided the property is self-occupied and the deduction limit of £2 lakhs is not exceeded.