Income from house property and deduction u/s 24(b)


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This discussion clarifies who can claim income from a jointly owned house property and claim deductions for home loan interest under Section 24(b). Even though the daughter pays the entire home loan, including interest, for a property in her mother's name, only the mother can claim the income and the interest deduction. The daughter cannot claim these benefits.

27 August 2025 A house is in mother's name. The income from house property is received by her daughter. A Joint home loan was taken by Mom and daughter in which the daughter is the guarantee and she pays the entire loan amount along with interest. Can the daughter claim the income from the let out property and claim the entire interest amount as deduction u/s 24 (b) under new tax regime or old tax regime

27 August 2025 No. Only Mother can claim.

21 September 2025 Good luck....


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