Exemptions u/s 80c

Believe in Yourself (article) (139 Points)

25 February 2013  

Plz rep.,

Case;

A person purchased a house property in the joint names of himself n his wife.

Now, both the owners participated in the loan taken for purchaseing the property and therefore can claim deduction u/s 80c of Rs 100000 and u/s 24 of Rs 1.5lacs for interest payment.

Now my question is that stamp duty is paid by the husband only from his account, then who can claim deduction of stamp duty charges u/s 80c, since the complete loan is shared by both the parties equally.

And if wife donot have required source of income then how could she avail the benefits of exemptions.

Plz reply asap.

Thanks in anticipation.