Hi,
I bought an apartment in my wife's name last year Sep' (2013). Property was registered in her name and entire loan is being paid by me. I was trying to claim tax exemption through my employer but they said it could be claimed only when am a co-owner or an owner. Please advise me whether how i could get returns while filing income taxes this year. Thanks in advance!
Regards,
Ram
You cannot claim deduction unless you are the owner or co-owner of the property. You could have asked your CA beforehand.
Thanks for the info Mihir.
Could you please let me know the options so that i could avail income tax benefits. As i am paying close to 2 Lakhs as interest i am desperately looking for some options to avail income tax benefits.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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