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Section 24 of income tax act

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 March 2013 can anyone took home loan from the banks for the purpose of constructing the house which belongs to the father, whether he can avail deduction under section 24 on interest payment. please clarify it.
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@VaibhavJ

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@VaibhavJ (Expert)
19 March 2013 Hi

If you are not owner of the house you cannot claim deduction.

Thanks!!

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