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About housing loan interest

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(Querist)
29 September 2015 Sir,
An employee purchased a house property on his parent name, and got a housing loan from a bank on his name, now whether the employee gets interest on housing as exemption under sec 24 and repayment of principle under sec 80c
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Amol S Joglekar

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Amol S Joglekar (Expert)
29 September 2015 if the loan is "Housing Loan", then 80C benefits are available.
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Prashanth

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Prashanth (Expert)
30 September 2015 Hi,

If that employee is a co-applicant, then he can avail the benefit of exemption and deduction.
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