Plot is in my mother's name. Now we(two brothers) are going to take home loan but we are not co-owners in the property.
We will take home loan by becoming Co-borrowers in loan..
my question is whether My brother and I can claim home loan deduction as we are going to pay EMI payments?
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Home loan deduction query (Urgent)
Replies (6)
no you can't take any home loan benefit as you both are not owners of the property.
No u can take benefit of deduction and other benefit because u r not owner
bank people are saying we will give you certificate that you both are paying the home loan, based on that you can claim deductions..
is it right?
is it right?
no you can't do that. get the property registered in both of your names then only you can claim deduction
thanks giridhar... 👍
I will talk to my lawyer regarding this and will prepare some gift deed in order to tansfer it to our names..
I will talk to my lawyer regarding this and will prepare some gift deed in order to tansfer it to our names..
you can claim deduction, based on case law relates your situation check it
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