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Home loan deduction u/s 24

Others 263 views 4 replies
Dear colleagues.
gud evng,
home loan ke interest or principal amount ka deduction lene ke liye Assessee ka uss property ka owner hona compulsory hai kya??
Actually property wife ke name hai
or wife ki koi income nhi hai
or assessee/husband as a co-borrower
EMI pay kr rha hai
toh husband ko deduction milega kya??

regards,
Replies (4)
Sec 24 me to interest ka deduction nhi le sakte

lekin principal amount ka deduction sec 80c me liya ja sakta he
Only owner can get the benefit to the extent of % of ownership in the property
Ok sir thanks

If the husband is providing full money, then he's the deemed owner of the property. And all incomes net of deductions will be clubbed to his ITR.


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