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Deduction of Housing Loan Repayment

Lotus Agrawal (Practice) (1361 Points)

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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2 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14916 Points)
Replied 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 .

Lotus Agrawal (Practice) (1361 Points)
Replied 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.