I have taken a home which I want to get registered completely in name of my wife (in which I will not be a co-owner) but the emi will be paid completely by me (though she will be a primary applicant in the home loan while I will be co-applicant)
so in this case will I be able to claim the tax benefit under sec 24 and 80c. ? I am doing this so that I can save stamp duty by 1% and then again if she will be primary applicant then I will get a lower interest rate as well.
Please can someone clarify this to me ?
I have asked few CA but they have not come across any such case.
04 September 2017
If you dont intend to become a co owner but only want to repay the loan from your resources, no deduction will be allowed both u/s 80c and 24
CAclubindia
