Interest deduction on joint loan but single ownership

A) Joint loan is borrowed for purchase of house property by husband and wife , and the property is purchased in the name of wife. Can the husband claim interest deduction as self occupied property even tho he isn't the owner?

B) are clubbing provisions attracted  as the loan taken was finally used to purchase the property in name of wife , doesn't It constitute as gift ?

Replies (3)
Quick Summary
This discussion addresses whether a husband can claim interest deductions on a jointly borrowed loan for a property solely owned by his wife. It clarifies that typically, only the legal owner can claim deductions for a self-occupied property. The thread also examines if clubbing provisions apply due to the loan being used for the wife's property, concluding they are generally not attracted in this scenario.

A) No, Husband cannot claim since he is not the owner so how can he claim as self occupied property. However please check sec 27 for deemed ownership also
Interest deduction on joint loan
A. no 24b can be claimed only in the name of wife.

b. clubbing provisions are not applicable

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 07 November 2026
Paid Assisstant

DPV & Associates

Chennai

CA Inter

View Details
Company
Featured 07 November 2026
Chartered Accountant

DPV & Associates

Chennai

CA

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details