I bought house in my wife name and took loan in my name as primary borrower and my wife as co-borrower. My wife is house wife i.e. not working. Can I claim income tax under section 24 for interest and section 80C for principal or please let me know how do I claim income tax benefit
Menu
IT Benefit Home Loan for Primary borrower
Replies (1)
Sorry Brother, You have made a mistake in this case...You should have purchased the house in your own name...The benefit of repayment cannot be claimed by you...
Recent Topic
- Section 192 2(b) entry in IT return ITR 1
- Rent from redevelopment property
- How to find FMV of inherited gold after selling it
- Happy CA Day!!
- Share your proudest CA moment 🏆
- Gift recd from brother
- How to show Loan write off in DPT 3?
- Form 10E and Salary arrear
- LTCG U/S 54F. Sale of property plus sale of share
- Issue with ITR2 online utility for HUF
Related Topics
CAclubindia
