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Deduction u/s 80c relating to housing loan
An assesse purchased the property on his mother's name by loan but the loan borrowed by him.
Assesse can't get the deduction u/s 80C.
1).How he can get deduction?
2).If the property transfers by gift by mother to assesse then he can get deduction or not?
Replies (1)
if the home loan is in the name of assesse then he can claim deduction under sec 80C(principal portion) and claim interest portion under sec 24
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