Income tax benefit for coborrowers in joint home loan

Nirmit Srivastava (Student Others) (28 Points)

22 January 2014  

I have bought a flat in name of my mother only, who is a housewife.
I have taken a joint home loan in which my mother and i are co-applicant.
I'm just co-borrower not co-owner of the property.
After registry of the house, i came to know that co-borrowers are not entitled for income tax benefits if they are not co-owner of the property.
I just wanted to ask whether is there any way around to claim tax benefits as i would be paying the emis and not my mother.

Thanks