How to Take Interest deduction

I have taken Housing Loan,
property is joint with me and my mom, first name is my mom's name, second my name,

Bank has given loan, to my mother's name, which she is main holder property, and loan has been credited to SB account where it's is joint account, and for repayment bank has taken my ITR returns, and EMI will be debited from my SB account,

so please let me know how to take benefits of interest, under deductions
whether I can take fully deduction or 50 %...
Replies (2)
Quick Summary
This discussion explores how to claim interest deductions on a housing loan for a jointly owned property. The user has a joint housing loan with their mother, where the mother is the primary account holder and the loan is disbursed into a joint account. The EMI is debited from the user's account, and their ITR is used for repayment. The core question is whether the user can claim a full or 50% deduction on the interest paid, as the property and loan are in both names. The advice provided states that interest deduction is based on property ownership; if jointly owned, each owner can typically claim 50% of the deduction.

Is loan also both name...?!
Deduction is based on the ownership of property. If property is registered jointly, then deduction shall be availed 50% by one owner and 50% by another.

If property is owned by a single person only, then only that person will be entitled to Deduction of interest.

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