Claiming interest u/s.24(ii)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 November 2013
Husband took loan for constructing home which in his wife name.How interest can be claimed by his wife.Any interest certificate format for that
02 November 2013
Home loan borrowers are entitled to tax benefits under Section 80C and Section 24 of the Income Tax Act. These can be claimed by the property’s owner.
In the case of co-owners, all are entitled to tax benefits provided they are co-borrowers for the home loan too. The limit applies to each co-owner.
In the case of co-owners, all are entitled to tax benefits provided they are co-borrowers for the home loan too. The limit applies to each co-owner.
04 October 2021
If the home loan is solely in name of Husband, wife cannot claim any deduction.
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