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Interest on home loan

Tax planning 413 views 7 replies
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Service
313 Points Posted on 24 February 2019

If house registered wife name and home loan on kya name.

In this condition deduction on home loan interest allowed or not

Wife is house wife non earning

 

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On 24 February 2019 at 08:44 Report
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SEO Sai Gr. Hosp.
211643 Points Posted on 24 February 2019

Only owner/co-owner of the house property can claim the home loan interest deduction.

581 Reply
On 24 February 2019 at 09:00
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Student
7053 Points Posted on 24 February 2019
Yes, you can claim income tax rebate on Home Loan. If the house is registered only on your wife’s name, then it is not possible. But, if you and your wife are co-owners of the house as well as co-applicants of Home Loan, then you will surely get tax rebate.
hope you co-owner as well ;-)
184 Reply
On 24 February 2019 at 10:29
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Service
313 Points Posted on 24 February 2019
As a deemed owner it is possible to get interest deduction
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On 24 February 2019 at 11:03
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Student
7053 Points Posted on 24 February 2019
How can someone be declared Deemed owner 🙃
184 Reply
On 24 February 2019 at 16:04
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Service
313 Points Posted on 25 February 2019
When house transfer to spouse without any consideration then as per rule deemed owner
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On 25 February 2019 at 06:28
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Student
7053 Points Posted on 25 February 2019
@ manoj could you please mention the proviso under IT for that ☺️
184 Reply
On 25 February 2019 at 08:40
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7059 Points Posted on 26 February 2019
thank you and congratulations
33 Reply
On 26 February 2019 at 13:07


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