TaxTMI 
TaxTMI 
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.
Claim of deduction - interest on house loan
16 Jul 2009 
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Property ownership determines entitlement to house loan interest deduction; payment evidence may enable the payer to claim.
Entitlement to a house loan interest deduction depends on ownership and beneficial entitlement: if the wife is the owner, the husband cannot claim the deduction; if the husband paid the entire cost and can establish beneficial ownership or that he bore the economic burden, he may claim the interest deduction, a position supported by a cited Calcutta High Court decision. (AI Summary)
Entitlement to a house loan interest deduction depends on ownership and beneficial entitlement: if the wife is the owner, the husband cannot claim the deduction; if the husband paid the entire cost and can establish beneficial ownership or that he bore the economic burden, he may claim the interest deduction, a position supported by a cited Calcutta High Court decision. (AI Summary)