Dear Sir/MAdam,
My Sister who is a Student and Dependent on me allotted a Flat in recent DDA housing Draw 2014.
As She has no income , therfore Registration money was paid by me and we have taken a housing loan forn govt bank in which my sister is a first applicant and i am a second applicant.
The loan account is opened in her name aand I am paying the EMI by Transfering the money to her Saving account.
Now my Query is how I will take income tax rebate/benifit on housing loan principle and interest as i am not a co-owner of the property and there in no joint loan account.
CAclubindia
