Tax exemtion on housing loan

Tax queries 731 views 2 replies

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

Replies (2)

Yes, wife can definately take the deduction of instalment paid. 

Wife can take credit, provided house is in name of wife & not in any other persons name.


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