Deduction for house rent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 November 2012
I had taken a home loan for the property in wife name in joint name and taken benefit of Income Tax. Total loan has been paid off four years back.
Can I take House Rent Deduction benefit on the same property? We are residing in this house.
Can I take House Rent Deduction benefit on the same property? We are residing in this house.
21 November 2012
If the property is in the name of your wife only, then you were wrong in taking Income Tax benefit of the interest paid.
But you can take House Rent Deduction if you are actually paying the same to your wife(And if you are not the owner of the house).
But you can take House Rent Deduction if you are actually paying the same to your wife(And if you are not the owner of the house).
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