Since your name’s into attention certificate approved by bank, you could claim the fresh deduction
Ans: Regarding the situation you explained, since you are the only paying the EMI and detailed given that an excellent co-candidate toward financing, you could allege the latest tax benefits associated with your house mortgage. Here is how it truly does work:
Appeal on Houses Financing (Point 24): You, once the an effective co-applicant in addition to one paying the EMI, is also claim the new income tax deduction for the attention element of this new financial lower than Part 24 of Taxation Act. (mais…)
