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Home loan

Dinesh Gupta (Tax Practitioner) (187 Points)

11 March 2016

I have Purchase a Residenc Property Plus Construction in My Wife name and I ( Husband) RePayment of Home. can Husband rebate of Repayment of Home Loan and Interest ?

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Vishal Goel (Chartered Accountant) (1688 Points)
Replied 15 March 2016

Hello,

A co-owner, who is not a co-borrower, is not entitled to tax benefits.

Similarly, a co-borrower, who is not a co-owner, cannot claim benefits.

If you are not co-owner is that property then you will get tax benefit for home loan repayment.

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