Question And Answer
Subject: Income tax hose property loan interest 24(b)
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Querist: Jay kaklotar
Answered by: Reply of the Expert is awaited;
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Date: December 12, 2024
Query asked by Jay kaklotar

If house property is purchase in name of my mother(100% owner) and loan for purchase consideration is borrowed by me(son) , the sole borrower,  how can i claim deduction of home loan interest u/s 24(b) of income tax act?

And if stamp duty is also paid by me(son) , how can i claim deduction u/s 80C ?

 

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