HOUSING LOAN DEDUCTION.

This query is : Resolved 

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.

10 January 2011 no. It should be in the name of the salaried.

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




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