Exemption for home loan
This query is : Resolved
08 June 2016
Dear Sir
One of my Employee has produced Home loan exemption certificate from Bank(Principal and Interest) but the account holder is her Husband. It is not joint account can I give the exemption to her in this case?
One of my Employee has produced Home loan exemption certificate from Bank(Principal and Interest) but the account holder is her Husband. It is not joint account can I give the exemption to her in this case?
08 June 2016
pls check the house owner and loan repayment by whom. both will be same then you can give the exemption/deduction of housing loan otherwise not possible,
08 June 2016
On home loan account name on Husband(Owner) name and paying by wife
08 June 2016
For claiming home loan benefits of principal and interest the wife must be the co-owner and co-borrower. From your facts it seems that husband is owner and loan is also in the name of husband than wife cannot claim benefits of repayment since she is neither co-owner nor co-borrower.
Message likes :
1 times
09 June 2016
agree with CS Abhishek Goyal
She cannot claim benefits
She cannot claim benefits
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Should I report my US salary for January, February, March in Schedule FA?
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
