Home loan co - borrower
This query is : Resolved
09 April 2016
I work in a public sector bank . I am planning to take a staff housing loan from my bank with my father as
co- applicant,The entire loan amount including principal and interest will be borne by me. My father is a retired state
govt employee and i am the only daughter of my parents and i have no siblings and i am not yet married. However
my father is the sole owner of the land on which the house is to be constructed. Can i claim tax benefit under
Section 80C and Section 24 ? Please reply.
co- applicant,The entire loan amount including principal and interest will be borne by me. My father is a retired state
govt employee and i am the only daughter of my parents and i have no siblings and i am not yet married. However
my father is the sole owner of the land on which the house is to be constructed. Can i claim tax benefit under
Section 80C and Section 24 ? Please reply.
Murtaza I Bhagat
(Expert)
09 April 2016
If you are paying Housing loan Installment then you can avail both section benefits.
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