Query on housing Loan

you can not claim.....  Your mother can claim deduction of interest and principal amount…

I Agree with Mr. Pankaj

Mr. Pankaj

But the loan is in tha name of my fried

but the property is not on your name dear… both loan and property should be on your name…

now you can do one thing that transfer property on your name from mother’s name… of if possible join  your mother as co applicant in loan…

Mr.Pankaj

His mother is co-applicant in the loan

than your mother is eligible for deduction…. Of interest and principal amount.. or if you both want to take deduction than you can take in proportionate basis.

Oky thanks! pankaj.