IncomeTax Questions on Property in the name Unemployed Spouse tax law and advanced tax law practice case study cs exam
Home loan is taken by an unemployedwife. She is the loan applicant and the owner of home. The loan has beensanctioned to her on the basis of her husband's salary, as her husband isco-applicant.
Can husband claim for income taxrebate & deduction in respect of the interest?
Combined reading of section 27 andsection 64 it is possible for the husband to claim the benefit even though theproperty is in the name of the spouse.