I have taken housing loan on property which is in my name and my wife name ie we are co owner of the property
My wife is housewife and has no income neither she files income tax return can i claim entire deduction of interest on housing loan of Rs 1.50 lacs by giving declarition from my wife that she will not claim exemption of interest paid to bank on housing loan . My current employer is giving me 50% deduction on interest on home loan ie Rs 75000 and he is not agree to give me total deduction kindly advise me and help me
12 April 2012
You can obtain certificate from the bank showing the entire interest and principal is paid by you. Submit the same to the employer and then they will consider.
CAclubindia
