An employee purchase a house in the name of his wife. They both take a joint loan in a bank. The wife is not earning any income. The husband alone earns and he will repay the loan amount. Can he be eligible for any IT benefit
1 Replies
Pradip Narsingani
(Income Tax & GST Consultant/ CA-Final)
(572 Points)
Replied 20 January 2011
hey he should get benefit for loan in house property.. but not full amount only his part of house in your case i.e. 50%
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