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If a home loan is taken by the father and the loan has been sanctioned on the basis of the sons salary, can the son claim the tax rebate and deduction in respect of the interest payments?

April 26, 2017basis claim father home loan loan salary sanctioned son

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If a home loan is taken by the father and the loan has been sanctioned on the basis of the sons salary, can the son claim the tax rebate and deduction in respect of the interest payments?

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According to the Income Tax Act, only the person who has taken the loan can claim tax rebate. Hence, in this case only the father will be eligible for the tax rebate.