To receive full tax benefits, you must divide your home between the part that is your primary residence and the part that is used to generate income. (turbotax.intuit.com)
However, investors need to be aware of the three biggest tax ramifications of owning these assets which are: more complicated tax preparation, complications with owning them in retirement accounts, and the need to hold them for many years to maximize their full tax benefits. (fool.com)
Can I take the full tax benefit for the same provided no EMI is paid by my wife and she does nt even claim tax benefit (relakhs.com)