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HOUSING LOAN DEDUCTION.

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(Querist)
10 January 2011 CAN EMPLOYEE CLAIM THE HOUSING LOAN DEDUCTION, IF LOAN IS IN THE NAME OF HIS WIFE AND SHE IS HOUSE MAKER.

Please clarify.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
10 January 2011 no. It should be in the name of the salaried.
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Vivek Raju P

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Vivek Raju P (Expert)
10 January 2011 neither principal u/s 80C nor interest u/s 24(b) is allowable
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