TMI Blogexemption of interest paid on housing loanX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear All, The site is in the name of wife. Husband has availed the housing loan and constructed the house on the site. Husband pays the emi to the bank. Can husband claim the exemption of interes ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t paid on the housing loan under section 24 of Income Tax Act . is there any conditions to be fulfilled. this is the only house and is self occupied. Regards - Reply By rinki todi - The Reply ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... = As per the information provided it appears that house property is wholely owned by husband as it is constructed by him solely. As regards the claimiing of deduction it is very clear that the husb ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and has taken a loan for construction of the house and accordingly the house property is shown as an asset in his books, therefore he is eligible to take the deduction for amount of interest paid on h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ousing loan. Maximum amount od deduction is 150000 under section 24(b) . - Reply By krishna murthy - The Reply = Sir, thanks for the reply. the site is registered in the name of wife, then also ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... husband can claim the exemption please. Regards - exemption of interest paid on housing loan - Query Started By: - krishna murthy Dated:- 16-2-2013 Income Tax - Got 2 Replies - Income Tax - Discus ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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