Queries regarding buying a new property

ITR 121 views 1 replies

Dear members,

i am looking for some answers, can you please help me with it.

I am a housewife.

If the property is owned by wife and the husband pays emi, is the income tax rebate applicable ?

If the property is in the name of wife, are there any concession in the stamp duty and registration ?

If the property is owned by wife and husband pays emi, is there a concession in interest rate if he takes loan?

 

Thanks in advance

Replies (1)
No, the husband won't get any benefit.

Stamp Duty and registration is State wise . In Maharashtra and Gujarat no concession.

Again it's depending on bank and housing finance Companies. Few are giving concession in interest if property is in wife's name.


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