House loan deduction

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Dear All,

I had a house property which is in the name of my mother only. but for the purpose of housing loan i am the borrower and my mother is co-borrower. All the installments are paid to bank by me only, and i am a salaried employee.

can i claim full deduction of housing loan interest and principal repayment while filing ITR. As my mother files nil tax income.

 

Replies (2)
the property should be in your name to claim interest deduction

Ownership of the house is a pre-requisite condition to claim the benefit of interest paid u/s 24. SInce you are not the owner of the house you are not eligible to get the tax benefit even if you are paying the home loan installment.


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