please suggest , husband is coborrower for home loan taken where only the wife is sole-owner.is husband entitled to take deduction for home loan borrowed(for both Principal and interest amount).?
4 Replies
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 03 August 2019
no not eligible.only the owner of house property is eligible for home loan benefits
Sai Prabhu Narayanan
(Articled assitant )
(161 Points)
Replied 03 August 2019
Hello , I think that only if person is also a co-owner of the aforesaid property you can claim deduction
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 03 August 2019
Yes... I agreed to Mr Giridhar S Karandikar...
As per the Query Husband Can't avail the Deduction...
Sai Prabhu Narayanan
(Articled assitant )
(161 Points)
Replied 03 August 2019
If possible ,You can claim deduction by altering the clause of ownership(Deed) of the property from sole ownership to joint ownership with prior intimation and permission from the bank , consult this solution is possible or not
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