Claim of Deduction u/s 80c and 24

[Guest]

A new house purchased in the name of wife who is also employed, whereas housing loan is taken in the name of husband. Whether deductions u/s 80C and 24 can be claimed by wife or husband or it can be shared between both ?

AI Summary

Husband Ineligible for Tax Deductions on Housing Loan if Property is in Wife's Name: Sections 80C & 24 Explained. A query was raised regarding the eligibility for claiming tax deductions under sections 80C and 24 of the Income Tax Act when a house is purchased in the wife's name, but the housing loan is taken in the husband's name. The response clarified that the husband cannot claim the deductions under these sections since the property is not in his name.