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Tax impact on home loan

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(Querist)
10 July 2013 i have purchased house property on 15-12-10 on my wife's name. Loan taken from my salary account. I have sold the same property on 29-12-12. Me n my wife both are filling return. Mine is salary return n she is having Consultancy income

Can i show principal amount paid for home loan as loan given to to my wife??

what implication of income tax will effect to our income tax return for the particular year.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
09 September 2013 Incase you are also joint owner, you can claim the interest and housing loan. otherwise shown as loan given

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