Home loan deduction u/s 24

This discussion explores whether a husband, acting as a co-borrower and paying EMIs for a home loan on a property registered in his wife's name (who has no income), can claim deductions under Section 24. While Section 24 typically requires ownership for interest deduction, and Section 80C for principal, the consensus suggests that if the husband provides the full funds, he may be considered the 'deemed owner'. In such cases, the income (net of deductions) could potentially be clubbed to his Income Tax Return.