interest on housing loan

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 May 2011 hello,

pls let me know whether i am correct or not?
if a house property is purchased in the name of dependent mother and interest is being paid out by son then son cannot claim deduction u/s 80C and sec.24 of income tax act for interest and repayment of housing loan for house in mother's name.

Thanks in advance

CA Navin Jain

CA Navin Jain (Expert)
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17 May 2011 YES, U CAN NOT TAKE THE BENEFIT OF THE BOTH

Querist : Anonymous

Querist : Anonymous (Querist)

20 May 2011 actually my question is whether for property in the name of mother, can son claim deduction in his Return provided mother is not claiming deduction?

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Querist : Anonymous

Querist : Anonymous (Querist)

20 May 2011 actually my question is whether for property in the name of mother, can son claim deduction in his Return provided mother is not claiming deduction?

CA Navin Jain

CA Navin Jain (Expert)
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20 May 2011 son are not eligible for getting the deduction