My mother-in-law and I jointly own a property, but the bank loan is only in my husband’s and my name. This is preventing him from claiming tax benefits on the home loan. Is there any way we can address this situation?

Under Indian law, you can add your mother-in-law’s name to the home loan agreement, making her a co-borrower. This will allow your husband to claim tax benefits on the loan interest paid, provided she meets the necessary conditions for claiming tax deductions.