Deduction of Interest on home loan.


This query is : Resolved 

Quick Summary
This discussion clarifies whether a son can claim tax deductions on home loan interest when he is the one making the repayments, even though the loan is registered in his father's name. The consensus is that the son is not eligible to claim the deduction in such a scenario.

18 June 2023 Home loan is in the name of of father but the repayment is made by son. Whether son is eligible for claiming interest on home loan.

18 June 2023 No, son not eligible for deduction.

18 June 2023 Thank You sir for your valuable time

18 June 2023 Most welcome.


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