I am planning to purchase my first property ( flat) in Ahmedabad. My wife is house wife and hence I will be paying all the EMis for the Flat. However I wanted to register the flat in my wife 's name, which will give me a waiver off of the Registration Charges (1% of the Sales deed).
However if I register the flat in my wife's name, will I be able to avail Income tax exemtions on the home loan to be paid?
Please let me know.
CAclubindia
