Deduction us 24
Mukund Sharma (3 Points)
15 August 2021
Can sons claim deduction u/s 24 for paying interest on House Loan when the property is in the name of their mother/father?
3 Replies
Mohd. Nadeem Khan
(AAO)
(93 Points)
Replied 15 August 2021
No...to claim deduction us 24, ownership of the property is required
Mukund Sharma
(3 Points)
Replied 15 August 2021
Does it matter how much percentage of share I have in the property to claim deduction??
Suppose I have only 10% of share in property and I am paying 50% of EMI, can I claim 50% of share in deduction?
Suppose I have only 10% of share in property and I am paying 50% of EMI, can I claim 50% of share in deduction?
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