Income Tax

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  1. M.SURESH PRABHU

    M.SURESH PRABHU New Member

    My mother is having the site in her name. Bank is agreeable to sanction a Home Loan in Joint name of mine and my mother - My name is First. The deduction of instalment for Principal & Interest goes from my account. Whether I Can claim the tax benefits under 80 C
     
  2. rudrabose

    rudrabose Active Member

    Your mother's name has been written on the loan application form only because the property is in her name.

    But as you are repaying the loan, you can claim deductions for the loan repayments.
     
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