when housing loan is taken and property is registered under wife name can husband can claim housing loan interest and prinicple payment as exemption under his income
Nagarjuna Korrapati (PCC student) (44 Points)
10 December 2009when housing loan is taken and property is registered under wife name can husband can claim housing loan interest and prinicple payment as exemption under his income
Y.N.Vinod
(Consultant - Risk Advisory Services)
(98 Points)
Replied 29 December 2009
The principle part deduction U/s 80 C will be given only if the loan is taken by the assesse.
Y.N.Vinod
(Consultant - Risk Advisory Services)
(98 Points)
Replied 29 December 2009
While, on the interest part, if the income from the house property is computed under the name of the wife,then deduction cannot be claimed by the husband.
husband can claim the deduction if the income from the house property is computed under his name
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