Hi,
I have a query regarding income tax benefit on home loan.
I own a home at my natice place for which I had taken loan of 8 lakhs, in which after prepayment & EMI now remaining loan amount is approx 2.75 L which I would be paying as EMI for new 30 months.
As this home is in another city so I am taking home loan as well as HRA benefit currently.Now I am planning to buy a house in the city ,where I work.My wife is also a working woman. My query is to get the maximum benefit , without much loss, on whose name I should take my new home, as If I take house on my name then I wouldnot be able to claim my HRA. Is there a way that I take home on my wife's name and I still get the benefir of HRA and my existing home loan. Kindly suggest the best solution possible.Thanking you
Regards,
Manish Surjan
