If a guarantor repays housing loan in case the person who took loan did not, will he get tax exemption??

No. Not allowed. The house and the housing loan should be in the name of the beneficiary.

None.

the person who took the loan.

gurantor may be ...............

There wouldn't be any tax exemption .The guarantor has a
binding to pay off the loan. It will not be considered as a loss adjustable in his income while filing his his IT returns

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