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sagar patel

Category : Home loa..,
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Dear Sir,
i have purchase house on my wife name and loan sanction on my name so who is take tax benefit ?
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Amlan Dutta
In the present situation , neither you nor your wife can...Both transfer of property act and Income tax act has to be studied in conjunction to answer this ...Though you are paying for the property and are the deemed owner,it doesn't translate to ownership because the property is not registered on ...
MOHAMMEDYASIN

Category : Home loa..,
Solved
suppose i purchase new property apx. 25 lecs (new residential house).september 2018 my home loan senssion apx.15 lacs aug 2018
so, where i display principal amount of loan and interest its like borrowed purchase or 80EE in FY2019-20
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Amlan Dutta
Interest under 24(b) while showing income from house property and principal can be claimed in 80 C ........I am assuming that the house is under possession ....80 EE cannot be used if any other section is being used ....in this case since 24(b) is being used for interest benefit , so you cannot use...