HOUSING LOAN INTEREST DEDUCTION
This query is : Resolved
15 July 2017
Sir I have a small doubt, Some "x" take a house loan from a bank to construct a house for which the land is in the name his wife let it be "y". Y had no income at all. Can "x" can take the deduction of that interest paid by him .
17 July 2017
Yes, the house constructed must be in name of X or atleast jointly held with his wife
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