HRA clarification

[Ps S]

I am co coapplicant for a housing loan with my mother, but the property is on her name.

Can I claim HRA for the property as rented out to me.

[DEVKUMAR KOTHARI]

If mother is real owner and she has let out property to you, you pay reasonable rent , you can claim rent suitably under different situations.

Becoming co-applicant / guarantor for loan and even paying EMI (fully or partly) is for family convenience and for obtaining loan for a house for family (including your mother and yourself).

However, check to ensure that there is no violation of loan agreement, in case of need amendment can be made with a view to enable payment of EMI regularly.

AI Summary

Claiming HRA on Property in Mother's Name: Pay Rent to Qualify, Check Loan Agreement for Compliance. A user inquired about claiming House Rent Allowance (HRA) for a property co-financed with their mother, though the property is in the mother's name. The response clarified that if the mother, as the real owner, rents the property to the user and reasonable rent is paid, the user can claim HRA. Being a co-applicant or guarantor for the loan and paying EMIs is for family convenience. It is advised to check for any loan agreement violations, with amendments possible to facilitate regular EMI payments.