R/Sir,
One person died after taking the housing loan, however his wife is paying the instalment.Whether that lady is entitle or not for tax exemption on interest and principal.
Thanks n regards
2 Replies
Saket Sinha
(Student)
(129 Points)
Replied 31 October 2012
Yes, wife can definately take the deduction of instalment paid.
CA Mangesh Chitale
(B. Com. A.C.A. DISA (ICAI) DIRM (ICAI))
(245 Points)
Replied 31 October 2012
Wife can take credit, provided house is in name of wife & not in any other persons name.
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