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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 ..... exemption of interest paid on housing loan X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 interest paid on the housing l ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oan 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: As per the information provided ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 husband has taken a loan for constructio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n 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 housing loan. Maximum amount od deduc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion 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 husband can claim the exemption please. Rega ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rds X X X X Extracts X X X X X X X X Extracts X X X X
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