Claiming of Interest on housing loan and Principle
This query is : Resolved
25 January 2023
A Person purchased a Flat on his Family members name (non assesse), bank has given loan on his name and EMI is paying from his account, Whether he is eligible to claim Interest on housing loan and principle, Banker will issue certificate on his name only
25 January 2023
Unless, he is owner or co-owner of the property, he cannot claim the home loan interest deduction.
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