HELLO FRIENDS, PLS. TELL ME IF A PERSON PURCHASES THE PROPERTY, BUT THE RGISTERY IS IN THE NAME OF HIS WIFE. CAN HE CLAIM THE DEDUCTION OF HOUSING LOAN INTEREST OR NOT?
WHO CAN CLAIM THE DEDUCTION?
HUSBAND OR WIFE?
PLS. HELP ME.
RAJ KUMAR (FINANCE MANAGER) (1393 Points)
16 November 2011HELLO FRIENDS, PLS. TELL ME IF A PERSON PURCHASES THE PROPERTY, BUT THE RGISTERY IS IN THE NAME OF HIS WIFE. CAN HE CLAIM THE DEDUCTION OF HOUSING LOAN INTEREST OR NOT?
WHO CAN CLAIM THE DEDUCTION?
HUSBAND OR WIFE?
PLS. HELP ME.
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 16 November 2011
Please note under the basis of charge u/s 22 only the person whoe is the owner of the house property can claim the deductions.
Hnece if the property is in the wife's name then the sife only can claim the deduction
RAJ KUMAR
(FINANCE MANAGER)
(1393 Points)
Replied 16 November 2011
BUT IF THE MONEY USED FOR PURCHASING IS OF HUSBAND?
EVEN THEN HE CANNOT CLAIM THE DEUCTION.
PLS. HELP ME.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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