Home Loan
This query is : Resolved
22 September 2017
A Home Loan was taken by Father and son as both joint applicat.
The Flat is in the name of father
EMI is paid form father account where the son transfers money from his salary earn and father have savings
Does deduction of section 24 of act will be applied to both or just for the father
Principal repayment deduction can b claim by both or just by father
Can the son claim Hra or no
Amol S Joglekar
(Expert)
22 September 2017
since the property is in the name of Father, he is the rightful owner of claiming the income/loss from the same.
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