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Deduction U/s 24

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30 December 2010 Owner of the plot is father. loan taken by father with son as co- borrower for construction of house and amount incurred on construction bear by son . can son claim deduction u/s 24 regarding intt. and u/s 80 c if yes than any further requirement

30 December 2010 No.... property ownership is the key condition to get the IT benefit, mere joint loan will not help.

30 December 2010 Owner of the plot is father. loan taken by father with son as co- borrower for construction of house and amount incurred on construction bear by son . can son claim deduction u/s 24 regarding intt. and u/s 80 c if yes than any further requirement


31 December 2010 If the son has constructed the house by borrowed fund he can claim the deduction u/s 24 and 80C.



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