29 December 2017
Can any anybody help regarding following query: On allotment letter and possession letter name of both husband and wife is mentioned but no purchase deed of residential house property is not executed. As per possession letter physical possession of house property is received in Jun-16 . Purchase deed may be delayed beyond Mar-2018. Husband is in service and wife is housewife. Both are co-applicant for housing loan, loan repayment is done from husband's account. Whether husband can be called as owner of property and claim benefit of deduction u/s 24 of interest and u/s 80C of repayment of principal of housing loan in FY 2017-18 ?
CAclubindia
