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Interest on borrowed Capital

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06 August 2009 A House is taken in the name of Father and now loan is repayable by son .................Who will claim exception

06 August 2009 the owner of the property can only claim the interest & principal repayment amount. Unless the property is in joint name.
In case of joint name then the interest & principal repayment may be claim by both in the ratio of 50:50.

In your case only father can claim the interest & principal repayment.



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