23 November 2011
if the house is registered in the name of only wife but the loan is taken in joint name i.e. husband and wife and the total loan installment is paid by only husband. can husband get deduction. wife has no taxable income. plz suggest the ans.
23 November 2011
Section 80C(2)(xviii) has a condition that "....the income which is chargeable under the head HP". In the cited issue,husband does not satisfy the above said condition, hence he will not get 80C deduction.
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