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.
2 Replies
Giridhar S Karandikar
(Team Lead)
(7548 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.
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