POSTED BY November 19, 2014 9:29 am NO COMMENTSON
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?