rajesh (Accountant) (583 Points)
19 March 2011DEAR SIR/MADAM
HUSBAND AND WIFE, HOUSING LOAN TAKEN ON WIFES NAME LOAN REPAID FROM HUSBAND SALARY ACCOUNT, WIFE IS NOT ASSESSEE BUT HUSBAND IS ASSESSEE H.L. PRINCIPLE AND INTEREST IS PAID BY HUSBAND IN THIS CASE HUSBAND IS QUALIFY TO GET AN EXEMPT OF INTEREST AND PRINCIPLE OF H.L. IN CASE LOAN TAKEN ON WIFES NAME. PLEASE TELL
THANKS IN ADVANCE
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 19 March 2011
| Originally posted by : rajesh | ||
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DEAR SIR/MADAM HUSBAND AND WIFE, HOUSING LOAN TAKEN ON WIFES NAME LOAN REPAID FROM HUSBAND SALARY ACCOUNT, WIFE IS NOT ASSESSEE BUT HUSBAND IS ASSESSEE H.L. PRINCIPLE AND INTEREST IS PAID BY HUSBAND IN THIS CASE HUSBAND IS QUALIFY TO GET AN EXEMPT OF INTEREST AND PRINCIPLE OF H.L. IN CASE LOAN TAKEN ON WIFES NAME. PLEASE TELL THANKS IN ADVANCE |
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what is procedure to get a housing loan without getting assessee to income tax?
NO, neither interest nor the principal repayment other than the property owner is allowed.
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