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Rebate of housing loan

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(Querist)
29 September 2017 My father owned a property in his name. I am coming borrower in bank loan account. I pay the full installment of loan. Can I claim 100% deduction of HOUSING loan?
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
29 September 2017 Deduction u/s 80C Maximum deduction of Rs. 150000 for principal repayment and Deduction u/s 24 i.e income from house property Maximum deduction of Rs. 200000 for interest repayment
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RAJA P M

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RAJA P M (Expert)
29 September 2017 Yes I agreed with Mr Ashiwini Ballodia... Available deduction Under section 80C Rs. 150,000/- (Include all deduction under 80C) Rs 200,000 is maximum deduction allowed u/s 24 ...
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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
29 September 2017 And to avail home loan deductions, you must also be a joint owner of the property. Merely being a co borrower will not be considered
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