22 January 2014
I have bought a flat in name of my mother only, who is a housewife. I have taken a joint home loan in which my mother and i are co-applicant. I'm just co-borrower not co-owner of the property. After registry of the house, i came to know that co-borrowers are not entitled for income tax benefits if they are not co-owner of the property. I just wanted to ask whether is there any way around to claim tax benefits as i would be paying the emis and not my mother.
CAclubindia
