Home loan rebate

Dear Mr. Rajat,

In my opinion, you can not claim deduction under Section 80C of the Income Tax Act, 1961 for repayment of the principal amount, unless you are the co-owner of the house property.

Infact, you can not even claim deduction under Section 24, for payment of Interest on borrowed amount.

Regards,

Dear Rajat Sir,

Tax benefits on rapayment of principal & interest will not be allowed to you in the present case.

Mr.Rajat,

You Can't claim exemption under 80c .   Only it is possible if you are the co-owner of the property.

As per my opinion you cannot get exemption under 80C as well as u/s 24.