Deduction u/s.24

Dear Vasanth,

Yes, Sec 24 & 80C will be allowed to your friend.  

Dear sir,

The law recognises dual ownership in respect of immovable property.

 i.e. the ownership of land by one person and that of building by another.

In your case, if you are to be the owner of the house, which has been constructed, though your mother may be the owner of the land,

 the benefit under Section 24, in respect of the interest on loan

and also the deduction under Section 80C on the principal repayment will be available to you.

Regards

K.Ilayaraja.