Home loan - wife name - it benefits
This query is : Resolved
07 November 2012
I am already having a joint home loan with my brother and showing it as self occupation.
Now I plan to take another home loan and purchase a flat on my wife's name (she has no income but having a PAN card and never submitted any returns). If I do so will i get incometax benefits or not. I will show this second home as given for rental. The interest paid is limited to 1,50,000/- or unlimited?
Thanks in advance
Now I plan to take another home loan and purchase a flat on my wife's name (she has no income but having a PAN card and never submitted any returns). If I do so will i get incometax benefits or not. I will show this second home as given for rental. The interest paid is limited to 1,50,000/- or unlimited?
Thanks in advance
07 November 2012
you can claim 2nd house as let out only and can claim the actual interest as deduction u/s.24b
07 November 2012
yes that is right as you can club the same and can claim deduction u/s 24(b)
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