80 c deduction in itr

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151 Points Joined August 2017
one of my client purchased a house on his wife's name but the loan on the property is taken on his name
how can i avail the benefit of home loan repayment and the payment of interest on home loan in the itr
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On 17 March 2018 at 19:28 Report
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Here, your client will be deemed owner of the property. The income will be charged to tax under his tax return, there he can claim repayment deduction.

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On 17 March 2018 at 19:37
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audit staff
1203 Points Joined May 2013
husband can claim interest and principal portion him return
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On 17 March 2018 at 20:12
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
Dear Experts....

Is it really...? Husband can claim the both Deductions???

Please Explain.... I want some clarity...
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On 17 March 2018 at 20:23
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GST Practitioner
55067 Points Joined June 2017
husband can't claim principal & Interest amount as the house not his name ,& I don't know how the bank gave loan to husband
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On 17 March 2018 at 20:35
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Business and tax consultant
3299 Points Joined September 2017
if the loan was taken in joint names then 50% he can claim
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On 17 March 2018 at 20:38


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