Interest on House Property - Section 24(b)

[JainPal Jain]

Dear All,

The property is in the name of Wife and EMI of Housing Loan is being paid by Husband. Please explain with reference to case laws that whether Husband is eligible for deduction of Interest on House property. Thanks & Regards

[Ganeshan Kalyani]

Yes, he is allowed to claim deduction of interest paid on home loan.

[JainPal Jain]

Thank you,

Please refer any Case law???

AI Summary

Interest deduction on house property: payer may claim deduction even when property is registered in spouse's name, subject to proof. Whether a borrower who pays EMI can claim deduction for interest on house property when the property is registered in the spouse's name; the discussion affirms that the husband is allowed to claim the deduction, subject to establishing payment and nexus between the payer and the loan, and notes a request for supporting case law.