Housing loan

This query is : Resolved

Kamran Khan (Querist)
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28 March 2012 Can any one explain if i have taken a housing loan in the name of my father and he is dependent on me, whether i can claim deduction/ exemption.

CA pooja gupta

CA pooja gupta (Expert)
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29 March 2012 its clearly mention in section that deduction of home loan interest can be claimed only by the person in whose name the property is.

CA. RAGHAV GARG

CA. RAGHAV GARG (Expert)
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29 March 2012 with due respect to Pooja's comment :

Home loan interest can be claimed by person in whose name Housing Loan is... so it doesn't depend on Property's ownership.