HOUSE LOAN INTEREST AND PRINCIPAL

Dear Sir, My friend has taken a housing loan in his and his wife's name. The entire EMI is paid thru husbands bank account. My doubt is can the husband claim the full repayment benefits (both principal and interest). Currently they are equally sharing the same.

your advice would be of great help

regards

Praveen Mukundan

asked Nov 15 '11 at 10:34 by Praveen Mukundan 1111


In case husband is only paying for EMIs, he may claim full amount in his income tax return. But in that case wife should not claim anything.

answered Nov 16 '11 at 23:15 by pankaj 5.2k320

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Asked: Nov 15 '11 at 10:34

Seen: 1,270 times

Last updated: Nov 16 '11 at 23:15