int and installment paid on housing loan

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sudarshan h naik (Querist)
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26 May 2010 can any one clarify the under situation, where housing loan taken by both spouses and property stands in the name of one of the spouses can both the spouses claim the benefit of the housing loan repayment and interest paid on the housing loan in their respective income tax computation under section 80 C and 23 (2) of the act. it will be more relevant if this query answered with substantiation , help of professional friends

Rahul Gupta

Rahul Gupta (Expert)
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26 May 2010 In my view, it is not possible. Since the property is in the name of One spouse, it can be alimed only by the spouse who is the owner.

Experts views are solicited.......

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