Relating to House Property

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icai
52 Points Joined August 2013
Whether deduction of Interest on borrowed capital can be taken by son who actually pay the instalment and house in the name of mother?
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On 01 April 2019 at 20:04 Report
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SEO Sai Gr. Hosp.
210651 Points Joined July 2016

No. He should be co/owner of the house property to be eligible for sec. 24b deduction.

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On 01 April 2019 at 20:06
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1234 Points Joined August 2017
no..but the mother can claim
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On 01 April 2019 at 20:07
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icai
52 Points Joined August 2013
but mother has no source of income
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On 01 April 2019 at 20:10
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1234 Points Joined August 2017
still she can claim
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On 01 April 2019 at 20:12
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icai
52 Points Joined August 2013
and emi is paid by the son from his personal saving account
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On 01 April 2019 at 20:18
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
Deduction can be claim by the owner of the property. So, Son can't claim the deduction...
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On 01 April 2019 at 21:23
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icai
52 Points Joined August 2013
and what about principal amount u/s 80 C
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On 01 April 2019 at 21:40
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
Same is also the owner/co owner of the property...
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On 01 April 2019 at 21:45
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Student
7053 Points Joined February 2019
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
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On 01 April 2019 at 23:27


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