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Relating to House Property
Whether deduction of Interest on borrowed capital can be taken by son who actually pay the instalment and house in the name of mother?
Replies (9)
No. He should be co/owner of the house property to be eligible for sec. 24b deduction.
no..but the mother can claim
but mother has no source of income
still she can claim
and emi is paid by the son from his personal saving account
Deduction can be claim by the owner of the property. So, Son can't claim the deduction...
and what about principal amount u/s 80 C
Same is also the owner/co owner of the property...
noooooo, mother owns house but rental income received by you ( father)so co-owner could work for you
in payment of loan loan deed must be in name of father or mother
in payment of loan loan deed must be in name of father or mother
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