27 April 2011
Dear Nitarajan, Is the house registered in Joint name of you and your wife. If yes then you both can claim the repayment benefits as follows:- You need to determine your and your wife share in the property. If nothing mentioned in your agreement then you can assumed 50% each. For claiming the benefits of loan and interest, It will depend upon the amount repaid by you and your wife. If it is difficult to determine the amount repaid then it is advisable to claim on the basis of your share. Else it may lead to litigation.
CAclubindia
