Interest on housing loan deduction for co-borrower

Sir,  I have purchased a residential house and my mother is a co-owner in the property.  I have taken Housing loan for my share and my mother arranged her own funds for her share.

In housing loan, my mother is a co-borrower and the bank is issuing single interest certificate in both  name, ie. myself and my mother's name.

Now my question is, Can my mother avail deduction of 50% share of Interest & principal of Housing loan paid in her ITR?

Other informations: My mother is not paying EMI, Both of us having taxable income.

Thanks in advance

Biju

Replies (1)

As per Sec 26 if house is co owned and their share is denfinite and ascertainable then they can get concessional tax treatment in respect of self occupied property as though each such person is individually entitled to such relif

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
21 July 2026
Chartered Accountant

Keshri & Associates

Thiruvananthapuram

CA

View Details
Company
29 July 2026
ACCOUNTANT

ONESTEP GST SOLUTION

New Delhi

B.Com

View Details
Company
ARTICLESHIP 16 July 2026
CA Article

Pipara & Co. LLP.

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 28 July 2026
Article/Intern/Semi-Qualified/Fresher B.Com

VNSS & Co

Mumbai

Others

View Details
Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

Sahil Agarwal & Company

Mumbai

CA Inter

View Details
Company
14 July 2026
Senior Executive/ Manager

H S SHARMA AND CO

Pune

CA Final

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Follow