Buying loan in my wife's name while i take loan

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Madhusudhan Y (Querist)
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07 June 2019 I'm a married male person. My wife is not working. I'm going to buy home with loan. It seems it is possible to register it in my wife's name while I take 100% loan. In such a case, can I get tax benefit on home loan interest?

Amol S Joglekar

Amol S Joglekar (Expert)
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07 June 2019 if you buy the house in BOTH names and loan in your name, then you can get the benefits of interest on housing loan

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Madhusudhan Y

Madhusudhan Y (Querist)
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07 June 2019 Thanks Amol. If I register the house in both of us, can I get all the tax benefit that I would get if I register in my name alone? Or I get only 50% of the tax benefit?

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Amol S Joglekar

Amol S Joglekar (Expert)
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07 June 2019 both names, full benefits if the loan is in your name

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