house property income

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 February 2011 can any one clear my doubt with regard to the house property income.
The doubt is if husband and wife both getting income, having two house which is owned by husband and shows as taxable and self occupied in his return. And now wife purchased one more house in her name with the help of bank loan. After tat husband had given some lumpsum amount from his income to his wife, which she will use for clearing her bank loan. Now whether wife can claim the deduction towards the repayment of loan under section 80c and interest u/s 24 out of her let out income of same house..?

Guest

Guest (Expert)

02 February 2011 In my opinion, deduction u/s 80C and interest will be allowed.