House property query

1047 views 18 replies

IF PROPERTY IS ONLY IN wifes name BUT HOME LOAN IS IN JOINT NAME OF husband and wife.................WHETHER BOTH WILL GET IT BENEFIT UNDER HOME LOAN INTEREST OR ONLY wife WILL GET ?

Replies (18)

As the House Propertry is in the name of wife only, the benefit of repayment of homeloan and deduction of Interest shall be available only to her.


Regards,

Devendra K

Ownership is one of the most important component under Self Occupied Property. Hence, only the owner will get the benefit of the loan amount  paid.

 

Join us on Facebook https://www.facebook.com/pages/Sampoorna/184315778304697

only the owner will get the benifit 

Agreed with Devendra...

ONLY WIFE WILL GET THE BENEFIT.

only his wife get claim for this because h.p owner is his wife.

 


 

Yah.........Only Owner of the House Property will get the Benfit of it

Before making any final conclusion , i think it is important to decide  whether sec 22 (regarding Deemed owner) will be applicable or not. if Sec 22 is not attracted (regarding Deemed owner) - then the benefit will be available to wife.

Only the owner can get deduction U/S 24(b) of Income Tax Act 1961

Wife will get the benefit , because she is the owner of the property.

The deduction will only be available to your wife.

yes, wife will get the benefits

according 2 sec 24(b), only owner(i.e.wife) is eligible for  deduction..

Only the owner can get the deduction


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register