Does co-borrower of house loan get tax benefit even if the house is not in her name?

POSTED BY arun.kumar.aa ON November 19, 2014 9:29 am NO COMMENTS

Hi, I and my wife  have bought a house, but it is solely in my name. However, for the housing loan, my wife is the co-borrower. The EMI’s are automatically deducted from my salary account.

Is it possible for my wife to claim tax benefits on principle and/or interest paid for the loan as EMI? If yes, then in order to do so, will the EMI’s be needed to be payed from her bank account?

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