Whether 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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Whether Son is eligible for Home Loan Interest Deduction in ITR, if property owner 100% his mother.
Replies (3)
EMI is paid from whose account?
Both has to be paid by the owner.
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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