Regarding income tax home loan

Others 222 views 2 replies

EXPERT ,

                          I HAVE TAKEN A HOME LOAN ON MY NAME . MY WIFE ALSO HAS SALARY INCOME. SIR I JUST WANT TO KNOW THAT CAN I TRANSFER MY HOME LOAN INTEREST AMOUNT TO MY WIFE  FOR SAVE INCOME TAX. While the house is in my own name

Replies (2)

No u cant as it is considered as tax evasion.
Dept can make addition in income of wife and penalized her also.

only the owner of house property can avail tax benefit for home loan.
do you can't do that. however get her name also in the registered document and define both of your share I. home loan do that your wife can Also avail the tax benefit towards home loan


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