Interest u/s 24B for Purchase of house property.
This query is : Resolved
Rahul Gupta
(Querist)
14 July 2024
Dear Expert,
In this case the ownership of the house property is in the of the mother while Son is Taken house property loan and paying whole EMI by himself. So can he take the deduction of Loan interest & Principal u/s 24B & 80C respectively. Also bank issued loan certificate to him.
In this case the ownership of the house property is in the of the mother while Son is Taken house property loan and paying whole EMI by himself. So can he take the deduction of Loan interest & Principal u/s 24B & 80C respectively. Also bank issued loan certificate to him.
Dhirajlal Rambhia
(Expert)
14 July 2024
No. He has to be co-owner or owner of the property also.
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