HOUSE LOAN INTEREST AND PRINCIPAL

Viewed 1344

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

1 Answers

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.

Related