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Deduction us 24
Can sons claim deduction u/s 24 for paying interest on House Loan when the property is in the name of their mother/father?
Replies (3)
No...to claim deduction us 24, ownership of the property is required
Does it matter how much percentage of share I have in the property to claim deduction??
Suppose I have only 10% of share in property and I am paying 50% of EMI, can I claim 50% of share in deduction?
Suppose I have only 10% of share in property and I am paying 50% of EMI, can I claim 50% of share in deduction?
NO it can not be
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