It exemption for interest on house extenstion loan-reg..

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    SREEDHAR N New Member

    I am taking bank loan for extension of house which is in my wife's name and my wife doesn't have any source of income. Can I claim income tax exemption for the interest on the house extension loan I am taking?
  2. Bodla Upender

    Bodla Upender New Member

    First of all the investment is to be done 100% by you for the purchased property .ofcourse it is in your wife name. As per hindu act it is allowed. Yes, you can avail exemption from Tax on the extension of house loan. in your returns you have to show share of investment is 100%. This is more enough to claim exemption. People for sentiment purpose keep the properties in wife,children etc names.
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