Deduction on housing loan

Not possible

Dear satish,

I have already answered it .

No he cannot claim the interest deduction unless and until its co-loaner .

Originally posted by : Satish Chundi

Can deduction for housing loan be claimed by father when the loan is on son's name.

Here the income tax allows interest deduction when applicant or co applicant is property owner . if joint co obligant is not property owner then also co obligant cannot claim interest deduction .

This is my opinion

Yes , If Loan is paid from the father's source of Income

It is only possible if father is co-loaner

Or

If loan is repaid from father's income.

It is only possible if father is co-loaner

Or

If loan is repaid from father's income.

It is only possible if father is co-loaner

Or

If loan is repaid from father's income.

Deduction cannot be claimed by father if the son takes the loan