Q:Hi, i would like to get expert's advice on this, i m buying an apartment in bangalore and taking a home loan with my wife as the first applicant. she is the first applicant because interest rate is lower for a female aplicant. the property will be registered in my wife's name but the EMI's will be comnpletely taken care by me as i m the only salaried person and my wife is a house wife. i want to know that since i m not the first applicnt am i liable for the tax benefits on the home loan?
Latest Answer: hey buddy tax benefits are a huge amount and i think you should not jeopardize your tax benefits in the quest to save some money on stamp duty or interest rate.