24(b) deduction

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my client house purchase in his own name as single owner and loan against such house is between father and son in equal proportion and both have made equal amount of installment.

whether both father and son eligible for 24(b) and 80c as house loan certificate showing their name or only father get deduction as his only owner of the property

thanks in advance
kindly guid on the same
Replies (3)

"Only father can get deduction as he is only owner of the property..."

he will eligible for full deduction or half deduction as he is paying half amount .

Whatever amount he (father) actually pays........ he can pay full EMI and claim full deduction, as subject to sec. 24(b) of IT act.


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