S K MISHRA (Accounts Professional) (26 Points)
09 June 2023Whether Son are eligible for Home Loan Interest Deduction in ITR, if property owner 100% his mother. But in Loan Application Sons are Co-Borrower
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Anil Diwan
(Professional)
(83 Points)
Replied 17 June 2023
NO, first condition to claim deduction of Interest under head Income from House Property is that assessee should be owner of the property. So only mother can claim deduction
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