tax rebate on Home Loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 October 2010
i have a flat purchased in my wife's name and have taken loan in my name . can i avail facility of tax rebate in both 80C and 24b. also rental income from it will be added to my income or my wife's
08 October 2010
your wife can avail the Deduction under 80C & 24b,also Rental income will be taxable in the hands of your wife
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08 October 2010
agreed.............
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Querist : Anonymous
Querist :
Anonymous
(Querist)
08 October 2010
thanks for the answer some more clarification needed.
what if wife is a house wife and husband is co applicant in the home loan.can the husband get tax benefit
Also if the property is joint with wife as first holder. Then who can take the loan and who can get the tax rebate. Please answer
thanking you
what if wife is a house wife and husband is co applicant in the home loan.can the husband get tax benefit
Also if the property is joint with wife as first holder. Then who can take the loan and who can get the tax rebate. Please answer
thanking you
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