Tax Deduction for Loan in Wife's name

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  1. sakshi9027

    sakshi9027 New Member

    I want to buy house in lucknow which is fully furnished Nd taking loan from LIC home loan . I work in BARC, MUMBAI nd currently paying tax 1,40,000 around. I want to know if I took house on partial my wife's name den I would u eligible for tax deduction on my acc.
  2. Karan Batra

    Karan Batra Well-Known Member

    You would only be eligible to claim deduction for portion of loan in your name
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