Deduction of Housing Loan Repayment

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Practice
1361 Points Posted on 11 April 2023
Housing loan is taken by the assessee but the House is registered in the name of his father. Whether deduction of Housing loan pricipal and interest payment is available to the assessee?
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On 11 April 2023 at 19:01 Report
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This discussion explores whether an individual can claim tax deductions for housing loan principal and interest payments when the property is registered in their father's name, despite the loan being taken out by the individual against that property. It clarifies the conditions under which such deductions might be permissible.

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GST Practitioner & Accounts
15146 Points Posted on 11 April 2023

How assessee got home loan ? , when no House 🏠 in his name. I am not  getting  your  point so  Please  elaborate  in detail .  

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On 11 April 2023 at 20:17
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Practice
1361 Points Posted on 12 April 2023
New house is being purchased by the assessee but the registering the same in the name of his father. loan is taken by the assessee on mortgage of the same house.
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On 12 April 2023 at 20:59

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