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Section 24 of income tax act

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 March 2013 if the father has taken the loan from the bank for the purpose of constructing the house, son has issued guarantee to the bank regarding payment of home loan can the son has availed the exemption under section 24?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
19 March 2013 No. only owner of the house property and loan applicant can claim the deduction 24
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