Hi,
My father wants to purchase a house property in the name of my mother ( who is a house wife with nil earnings) & banks said they will give home loan in the name of my mother & co-applicant as my father & all the EMI's will be paid by my father only.
now my question is whether my father is entitled to interest deduction u/s 24? (even though he is not the owner of the house).
if yes, explain me under which sec my father can claim ?
CAclubindia
