In India, the Income Tax Act stipulates that merely being a co-borrower on a home loan does not entitle individuals, including women, to claim tax deductions unless they also hold ownership rights in the property. Tax deductions for home loans allow for up to ₹1.5 lakh on principal repayments under Section 80C and up to ₹2 lakh on interest under Section 24B, provided the property is occupied or rented out. If a property is unoccupied, no deductions can be claimed. Chartered Accountant Suresh Surana emphasizes that tax benefits are contingent upon both ownership and actual contribution to loan repayments. If a woman is named as a co-owner but does not contribute financially, she cannot claim tax benefits. Additionally, banks typically require all co-owners to also be co-borrowers to mitigate legal complications. Professor Dr. Swati Godbole notes that tax deductions apply only if the individual is both a co-borrower and a co-owner, and under the new tax regime, deductions are only available for rented properties.