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Deduction for housing loan principal repayment under 80c

aditi (officer) (96 Points)

26 February 2014

Can the principal portion repaid by husband on the loan taken by him on his salary (over and above1 lakh) on a jointly owned property be claimed by wife under 80C?

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2 Replies

SHASHANK AGARWAL (self employed) (114 Points)
Replied 02 March 2014

since the same is repaid by the husband, it will be allowed to husband only u/s 80C of chapter VIA.

for more queries : https://knowyourtaxation.blogspot.in/

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Pradeep Gupta (Accounts Manager) (298 Points)
Replied 03 March 2014

No.

The deduction can not be allowed to your wife.

For deduction there are few criteria like you should own the house, loan should be granted in your name, the payment should be done from your account etc.

On the basis of above your wife can not avail the deduction u/s 80C.