Interest/Principal on Housing Loan deduction Reg.

In this case assess can only claim deduction of principal amount u/s 80C and for interest he cant claim because he is not owner of property. If the father transfer his property to assess than yes he can claim interest amount too for deduction.

Q> One of the assessee wants to claim the interest and prinicipal on Housing loan repayment but the Land is in the name of his Father,he is repaying the loan,  he is not the co-owner for the land.

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First of all you have to show the nexus between the loan and the land.

Whether loan has been taken for the purpose of purchasing land ?

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I think, the loan must have been taken for the purpose of construction of house on the land proeprty of the father.

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In such a case your father and you may have an understanding for construction on the land. In other words , your father has permitted you to construct on his land.

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As such , both  the borrowers are treated as owner of the house and claim interest as well as principal in respective sections.