| Question And Answer | |
|---|---|
| Subject: | Can a son claim deduction u/s 24(b) , if he is not the co-owner of the property ? |
| Category: | Income-Tax |
| Querist: | Parakh |
| Answered by: | Research Team |
| Tags: | income from house property, Interest, Interest deduction |
| Date: | June 6, 2021 |
Regarding the deduction available u/s 24b of Income Tax Act, Can a son who is the co-borrower of the loan taken claim the deduction u/s 24(b). Please note that he is not the owner/co-owner but complete EMI is getting deducted from his bank savings account. His mother is the only owner of the property. Please help on this issue. Thanks
Section 24(b) refers, where the property has been acquired , constructed , repaired etc , interest can be claimed as deduction . On the facts the querist has not acquired the property it is acquired by mother hence the querist is not entitle to claim deduction u/s 24 (b) of the Act .
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