banner_ad

Deduction for Housing Loan u/s80C

This query is : Resolved 
Profile Image

Profile Image

(Querist)
24 February 2010 If a person buys home in his own name and takes home loan with wife as his co-applicant then, could both take deduction u/s 80C. If the principal repayment part is Rs.80,000 then could both of them take deduction of Rs.80000 individually? What if they don't have joint account and the EMI is paid out of the account of wife only?
Profile Image

CA Vijay Kumar Gupta

Profile Image

CA Vijay Kumar Gupta (Expert)
24 February 2010 Deduction can be claimed for housing loan repayment if the house is owned by the concerned payee
Profile Image

CA Prashant Gupta

Profile Image

CA Prashant Gupta (Expert)
24 February 2010 wife can't take 80C deduction as house is not in her name.
for 80C house should be in self name.
if house is in joint name then both can calim deduction.
in your case if EMI is paid by wife account then also husband can't calim deduction. But a way is there is B/S show it loan from wife then it can be claimed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
03 May 2026
Senior Chartered Accountant

Nirmal Jain & Co

New Delhi

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
29 April 2026
Internal Auditor

SNCO

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details