Claim of deduction - interest on house loan

[d.v. gupta]

a person has taken house loan from bank and registered the house in name of his wife. The int certificate and payment is from husband account. can husband claim deduction for int in income tax despite the house is registerd in name of his wife.

AI Summary

Eligibility for Tax Deduction on Home Loan Interest When House is in Spouse's Name: Key Considerations A person inquired about claiming a tax deduction for interest on a house loan when the house is registered in his wife's name, but the loan and payments are from his account. One response indicated that only the house owner can claim the interest deduction, implying the husband cannot claim it if the wife is the owner. Another response suggested that if the husband paid for the house entirely, he might be eligible for the deduction, referencing a decision by the Calcutta High Court.