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Deduction on Home Loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 February 2011 Hello Members,

Me & My brother have taken a home loan from the bank with the name of our mother.

My mohter is the primery borrower for this home loan. but the payment of home loan paid by me & my brother(50% each).

I need to ask that should we (Me & my brother) can avail the deduction for the payment of home loan premium?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
09 February 2011 No, House & loan will be in your name or joint name then you can avail
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