Please Help: Income from house property
Posted Date : 05-Aug-2011 , 03:50:17 pm | Posted By: Shashi Kumar Dhoka
Category :
Income Tax | Answers :
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Comments :
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whether interest on housing loan in the joint name of husband & wife can be paid by husband and claim entire interest paymnet as deduction in his returns of income. |
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Answers:
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 Answer by: CA. MANISH MALHOTRA |
| Husband can not claim entire interest in his return when property jointly hold except in case where wife has no source of income
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| Answer by: CA. MANISH MALHOTRA |
| But advisable not to claim entire.
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| Answer by: CA. Sachin Data |
| no dear....it cant be claimed by Husband alone
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| Answer by: CA. MANISH MALHOTRA |
| If wife is dependent on husband thn only husband can claim......
however if wife file her return of income or having any source of income thn both can claim individually.
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| Answer by: PRIYANKA |
| It is advisable that both husband and wife should claim proportionate amount of interest as per their shares in the property in their respective returns of income.
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| Comments |
| Posted By : CA Prabhakar |
06-Aug-2011, 04:17:14 |
| Yes husband can claim.
Any person who is paying the installment can claim. |
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| Posted By : CA VIPIN GARG |
05-Aug-2011, 04:13:36 |
| No it is not possible at all to claim entire interest amount as deduction of housing loan in any single assesse's return, when the housing loan is in joint name.
Hope you got your answer but if u still has any doubt please reply, have a nice day shashi....... |
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