Benefit of house loan - Property in joint name

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..... Benefit of house loan - Property in joint name
Query (Issue) Started By: - vikas mittar Dated:- 30-1-2008 Last Reply Date:- 31-1-2008 Income Tax
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Income Tax
if a house is broug .....

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..... ht by husband & wife in joint name, but housing loan is taken by husband in his own name & repayment of loan is made by his bank account only , then benefit of repayment of Principal & int shall allow .....

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..... only to husband or to both husband & wife. Reply By Surender Gupta: The Reply: If there is no repayment, there is no deduction. In you case, repayment of loan is being made by husband. Therefore, wi .....

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..... fe is not eligible for deduction.
Discussion Forum - Knowledge Sharing .....

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