Income Tax

Share
Share This Thread
  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.
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Income Tax Penalty Procedings Income Tax Oct 10, 2017
Income Tax Income Tax Oct 4, 2017
Income tax Notice in case of F&O Trading Loss Income Tax Sep 30, 2017
SELECTION OF ITR AND HOW TO SHOW THE INCOME Income Tax Sep 26, 2017
Income from other sources Income Tax Sep 22, 2017