Housing Loan repayment
This query is : Resolved
venkatachala
(Querist)
27 January 2010
Son and Mother has taken a housing loan and son applied as co-applicant. Property is in the name of mother. Can son claim deductions u/s 24 & 80C?
27 January 2010
In order to claim the benfit for housing loan the assessee must be the owner of the property. In your case if son is joint owner he can claim benefit otherwise he cannot claim any benefits.
Padmaja CA
(Expert)
29 January 2010
Owner of the house only get that clime
CA Ravi Sisodia
(Expert)
29 January 2010
Agree , only owner, joint owner, co-owaer can claim.
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