Housing Loan Deduction by sons

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A house property is in name of X, who has two sons Y and Z. Now Y and Z wants to take loan for house property which is in name of their father.
can Y and Z claim the deduction for same in income tax?
Replies (13)

No, not eligible...

Secondly, Bank will not sanction housing loan when the son's are not owner/co-owner of the property.

@ Honourable Dhirajlal sir ,What is mean by Cum interest and Ex interest in Accounting ,plse explain with examples......

what-are-meant-by-cum-interest-and-ex-interest-the-time-of-purchase-and-sales-of-investments

 

Thanks 😊 Honourable Dhirajlal sir

@ R J No sons are not eligible for interest on loan.
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