Dear Sir,
Property is in wife name, but she left her job and at home, she is not interested to go for job, but EMI was paid by her husband. Husband is not claiming the housing loan interest and Principal, he is paying excess income tax now.
please confirm is there any chances to avail this interest and Principal on Husband income tax returns?
No, you can't avail the home loan interest deduction, as you are not owner/co-owner of the property.
CAclubindia
