husband wants to purchase a residential flat in his wife's name?what are the applicable laws and whether the husband can claim deduction for the home loan taken in his wife's name(note that the husband is paying EMIs for the wife's loan)?
4 Replies
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 11 July 2019
husband can't take benefit of home loan if property in the name of wife.
is wife working or a housewife
is wife working or a housewife
S.Gupta c/o KPS
(NA)
(187 Points)
Replied 12 July 2019
wife is also working with the same institution as husband?
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 12 July 2019
so she can reimburse you the emi and can claim the house loan benefits.
you can't claim since you are not the owner. You can add your name also to the property.then you both can claim home loan benefits by becoming co-owner and co- borrower
you can't claim since you are not the owner. You can add your name also to the property.then you both can claim home loan benefits by becoming co-owner and co- borrower
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