Simple question about Housing Loan excemption in income tax

This discussion clarifies whether an individual can claim tax exemptions on the principal component of their housing loan EMI, even if the land is registered in their wife's name. The consensus is that tax exemptions under Section 80C are indeed available, up to a limit of Rs. 1,50,000, provided the loan is used for constructing the house. The distinction between land and building as separate assets is also highlighted.