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Deduction us 24

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3 Points Posted on 15 August 2021
Can sons claim deduction u/s 24 for paying interest on House Loan when the property is in the name of their mother/father?
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On 15 August 2021 at 19:56 Report
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AAO
93 Points Posted on 15 August 2021
No...to claim deduction us 24, ownership of the property is required
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On 15 August 2021 at 22:14
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3 Points Posted on 15 August 2021
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?
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On 15 August 2021 at 23:12
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M.Com
22 Points Posted on 16 August 2021
NO it can not be
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On 16 August 2021 at 00:16


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