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Housing loan

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(Querist)
11 March 2009 Son can claim a deduction of principal and interest, whereas loan is in the name of mother name

Under which section it is applicable & case law if any.


thanking you
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CA.SHAHZAD SAYYED

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CA.SHAHZAD SAYYED (Expert)
11 March 2009 For Deduction of Principal u/s 80C and for dedution of Interest u/s 24(b), Loan should be only with Assessee's Name who are going to claim such deduction

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