interest on housing loan

If housing loan is taken jointly by Husband and Wife but flat is resgistered in the name of wife only , can both claim deduction of interest and repayment of  principal amount ?

Replies (3)

Dear Sir,

Answer is "Yes" provided

1) Both makes the repayment out of their own funds.

2) There is an agreement that clearly spells the percentage of ownership of Husband & Wife (Requirement of Sec 26) To claim benefit of interest/principal - one should be the "owner" of the property & "registration of property" is not the pre-requisite to become "owner"

However, you can come across contradictory judgments as to whether "Registration" is a pre- requisite or not.

Yes,

if both are doing payment jointly of housing loan

& limit is Rs.150000 each.
 

Agree with Amir and Dheeraj

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

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

ADY & CO.

New Delhi

Graduate (Any)

View Details