House loan claiming issue

Tax queries 283 views 1 replies

asseessee's mother is the owner of house and he is paying the loan installment from his salary account.

he is the joint owner in his housing loan,but not owner of house property.

asseessee wants to claim deduction of loan amount in income from house property.

can we do so????

Reply ASAP

 

 

Replies (1)

Hello,

A co-owner, who is not a co-borrower, is not entitled to tax benefits.

Similarly, a co-borrower, who is not a co-owner, cannot claim benefits.

So Asseessee can't claim deduction for loan repayment. 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register