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sir,

    i’ve purchased a flat in delhi, me and my wife are co applicant in the loan,and we are both delhi government employee  ,registry of the flat will be taken place after 20th feb 2013,and the flat will be registered in the name of my wife, and the stamp duty will be almost 2,10,000/-,so  please tell me that can we claim half amount of 2,10,000/- under section 80c,or what amount  we can claim separately ,  



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1 Ashal Jauhari February 5, 2013 at 1:23 am

Dear Amit, as your wife is the owner & you are merely co-applicant, you can not claim any tax benefit out of this house property. Be it for stamp duty under section 80C or home loan repayment under section 80C or interest on home loan under section 24(b).

sorry but this is the truth. To avail tax benefit, ownership in the house property is a pre condition.

Thanks

Ashal

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