I have taken a joint home loan with my mother. Her name is present in the property documents (Co-owner) and the Home loan documents as a co applicant (Co-borrower). She is a non earning member and the entire home loan (all EMI) will be repayed by me. I came to know that as per income tax rule, in a joint home loan each person can claim tax benefit based on the ratio of their ownership (in this case 50:50 ratio). Does that mean that i cannot claim 100% of the tax benefit? Since my mother is neither paying anything for the loan and neither claiming any tax benefit.2 replies 1 helpful answers Last Updated: 2 months ago
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