Regarding Home Loan Interest

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accountant
564 Points Posted on 27 November 2021
I have purchase a one house with my mother no any co applicant in home loan now how to claim deduction of principle and interest amount

Thank you in advance
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On 27 November 2021 at 14:29 Report
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Quick Summary
This discussion clarifies how to claim deductions for home loan principal and interest payments. Even if you purchased a property with your mother without a co-applicant, you can claim deductions based on the Equated Monthly Installments (EMI) you have paid. This includes both the principal and interest components of your EMI.

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SEO Sai Gr. Hosp.
212572 Points Posted on 27 November 2021

You can only claim home loan deductions based on EMI paid.

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On 27 November 2021 at 15:50
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Chartered Accountant
24588 Points Posted on 28 November 2021
You can claim interest
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On 28 November 2021 at 06:01

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