POSTED BY April 5, 2011 12:41 pm ONE COMMENTON
I had purchaced a house and myself and wife has taken a joint home loan.however sale deed has been registered in name of my wife only.we both are working and repaying loan jointly.can both of us take income tax rebate.
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One reply on this article “income tax rebate”
Dear Sanjeev, Ownership of the house is a precondition to avail any tax benefit on home loan. In your case, you are merely the co-borrower & not the co-owner, hence you can’t claim any tax benefit.