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Home loan for tax benifit

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 August 2010 Hi ,
I am co-borrower(not co-owner) of home loan.Can I use the EMI for tax benefit if the other co-borrower is not using at all.

what to do if its only possible for co-owner of the house?
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CA.Amit Revankar

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CA.Amit Revankar (Expert)
10 August 2010 No, Only owner,s are allowed the benefit of interest on borrowed capital.

Be the joint owner of property
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