Income tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 February 2013 PLEASE PLEASE TELL ME THE PERSON(HUSBAND/WIFE) WHO WILL AVAIL THE DEDUCTION IN THE FOLLOWING CASE:

THE OWNER OF THE HOUSE(IN QUESTION)IS WIFE AND THE HOUSING LOAN IS ON JOINT BASIS AND THE PAYMENT IS MADE FROM THE INDIVIDUAL BANK ACCOUNT OF HUSBAND.

PLASE TELL ME THAT WHETHER WIFE WILL AVAIL DEDUCTION(BECO'S INCOME WILL BE ASSESSED ON HER AS SHE IS THE OWNER OF THE HOUSE) OR HUSBAND WILL AVAIL THE DEDUCTION(BECO'S HE IS PAYING THE AMOUNT)

@VaibhavJ

@VaibhavJ (Expert)
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26 February 2013 Hi

If owner of house is wife then husband can not claim any deduction.

Yes wife can claim deduction on the basis of certificate issued by bank.

Thanks!!