Deduction u/s 24b - Interest on home loan

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39 Points Posted on 27 May 2023
Suppose home loan is taken under the name of son, father and mother and EMI is paid only by father. Can son and mother claim deduction of interest on loan?

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On 27 May 2023 at 00:56 Report
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Quick Summary
This discussion explores whether a son and mother can claim a deduction for home loan interest when the loan is in their names, but only the father pays the Equated Monthly Instalments (EMIs). The initial response suggests that eligibility for deduction depends on specific case details, prompting a need for further information to provide a definitive answer.

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65 Points Posted on 27 May 2023

It depends on case to case basis. need some more information for the same.

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On 27 May 2023 at 13:22
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39 Points Posted on 27 May 2023
What details do you require
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On 27 May 2023 at 13:44

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