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Claim of deduction - interest on house loan, Income Tax |
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Claim of deduction - interest on house loan |
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a person has taken house loan from bank and registered the house in name of his wife. The int certificate and payment is from husband account. can husband claim deduction for int in income tax despite the house is registerd in name of his wife. Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
You need to establish that who is the owner of the house. If your wife is the owner of the house, you can not claim the benefit of interest paid on loan taken for the purpose of acquiring such house.
If husband has made the whole payment of house, he may claim the benefits, Reliance is being placed on the Cal HC decision 252itr0468
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