TaxTMI 
TaxTMI 
Benefit of house loan - Property in joint name
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....enefit of house loan - Property in joint name<br> Query (Issue) Started By: - vikas mittar Dated:- 30-1-2008 Last Reply Date:- 31-1-2008 Income Tax<br>Got 1 Reply<br>Income Tax<br>if a house is brough....
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....t by husband & wife in joint name, but housing loan is taken by husband in his own name & repayment of loan is made by his bank account only , then benefit of repayment of Principal & int shall allow ....
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....only to husband or to both husband & wife. Reply By Surender Gupta: The Reply: If there is no repayment, there is no deduction. In you case, repayment of loan is being made by husband. Therefore, wif....
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....e is not eligible for deduction.<br> Discussion Forum - Knowledge Sharing ....