18 February 2014
Sir, my question is if the Housing loan taken by both husband & wife jointly as co -owners and both are earning person. Can they both take the tax benefit if-
1) the payment is made by husband from his account.
18 February 2014
When the joint loan has been taken both should make the repayment. If till to-day repayment has been done by only the husband then to the extant of the share of wife she should issue the cheque to her husband and from next time she should make the payment if monthly not possible then once month husband and the other month wife. A certificate from bank should be taken for equal share of repayment and interest and both husband and wife can claim the repayment in their hands.
CAclubindia
