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Husband not able to take tax benefit because bank loan is on his name


05-Aug-2023 (In Property Law)
Me and my mother in law have bought a property on our name and bank loan is on My and my Husband's name. Now because of this reason My husband is not able to take tax benefit. Please advise what can be done.
Answers (1)

Answer #1
746 votes
You must consult a tax expert or your CA in order to obtain the correct answer to this question. However it seems the only solution would be to have the name of your husband included in the records of the property.

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