15 July 2009
house property is in name of wife and home loan is taken in the name of wife. husband tranfer the fund in his wife account for payment of intallment of loan. Then wife paid intalment. Whether husband take the benefit of section 24b in incone tax.
15 July 2009
No husband cannot take any benefit of interest on loan U/s 24(2).
As per the section the owner of the house property can only claim the deductions under this section. So the deduction of interest onloan will be claimed by the wife and not by the husband.
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