Hello Friends

A person purchased a House Property with the name of his wife. but loan was taken and repaying with the name of husband and from husband`s bank a/c.  

Plz suggest me that who will take the benefit of  deduction u/s 80c for principal repayment and loss of house property, either his wife or his husband

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As you know deduction for interest on house loan can be taken u/s 24 and for it you need to provide interest certificate from bank whether actual paymen of interest is made or not. so Husband can take the benefit as he is the one who is paying loan. in the same way u/s 80C deduction for the principal payment will be allowed to husband.