If house registered wife name and home loan on kya name.
In this condition deduction on home loan interest allowed or not
Wife is house wife non earning
7 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 24 February 2019
Only owner/co-owner of the house property can claim the home loan interest deduction.
Priya Kashyap
(Student)
(7053 Points)
Replied 24 February 2019
Yes, you can claim income tax rebate on Home Loan. If the house is registered only on your wife’s name, then it is not possible. But, if you and your wife are co-owners of the house as well as co-applicants of Home Loan, then you will surely get tax rebate.
hope you co-owner as well ;-)
hope you co-owner as well ;-)
manoj
(Service)
(313 Points)
Replied 24 February 2019
As a deemed owner it is possible to get interest deduction
Priya Kashyap
(Student)
(7053 Points)
Replied 24 February 2019
How can someone be declared Deemed owner 🙃
manoj
(Service)
(313 Points)
Replied 25 February 2019
When house transfer to spouse without any consideration then as per rule deemed owner
Priya Kashyap
(Student)
(7053 Points)
Replied 25 February 2019
@ manoj could you please mention the proviso under IT for that ☺️
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