Interest on housing loan
This query is : Resolved
24 November 2011
sir,
a family has joint ownership of the land.a housing loan was taken in the name of wife who is the only person in the house having permanent income.if in a year the husband had taxable income will he be eligible for the deduction along with the wife as he is also a joint owner of the property???
a family has joint ownership of the land.a housing loan was taken in the name of wife who is the only person in the house having permanent income.if in a year the husband had taxable income will he be eligible for the deduction along with the wife as he is also a joint owner of the property???
24 November 2011
As the loan is taken in the name of the only income earner the husband can not take any benefit of deduction
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