BOTH HUSBAND AND WIFE ARE TAKING LOAN FROM BANK FOR PURCHASING OF NEW HOUSE. HUSBAND WANT TO GET REGISTRY OF HOUSE IN THE NAME OF WIFE DUE TO THE LESS STAMP DUTY . CAN HUSBAND BE ELIGIBEL FOR ANY DEDUCTION ON HIS INCOME
Menu
housing loan
Replies (1)
Firstly, Bank will sanction the loan to owner of the house. If husband is not owner of the house, then Bank will finance to wife only. Hence all the loan documents will be on the name of wife. In this condition, husband will not be able to availe the benefit of housing repayment/interest.
If the loan is on the name of husband and wife but the house is registered on the name of wife, then if the repayment of housing loan is paid from the savings account of husband, only then he will avail the benefit of housing repayment u/s 80-C or interest on housing loan.
Recent Topics :
- Advance Tax Due Date 2026
- Query – Interest on Capital Received by Part
- Query - Section 164(2)(a) – Interpretation o
- Submission for Expert Opinion on Rectification of
- NRI since March 2023 – resident savings acco
- My All-Time Top 15 Indian Web Series
- Wrong date of invoice
- Paper 6 - IBS
- Chhath Puja 2026 Dates Timing Tithi
- Tax Benefit on Second Property
Related Topics :
CAclubindia
