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Home loan deduction u/s 80c of it act ,1961
CAN DEDUCTION OF PRINCIPAL AMOUNT OF HOME LOAN AMOUNTING 350000 Rs. , FIRST 150000 IS CLAIMED BY WIFE AND REMAINING CAN BE CLAIMED BY HER HUSBAND.AND HOUSE REGISTRY is of wife name.FOR F.Y. 2015-16.
IS IT POSSIBLE?
Replies (1)
Hello
A co-owner, who is not a co-borrower, is not entitled to tax benefits.
Similarly, a co-borrower, who is not a co-owner, cannot claim benefits.
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