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 TDS refund against sale of immovable property Income Tax Yesterday at 1:30 PM
Treatment of F & O Loss in Income Tax Return for AY 2017-18 Income Tax Friday at 1:16 AM
INCOME TAX Income Tax Thursday at 7:40 PM
income u/s10(38) shown in which ITR form if taxpayer an indivisual and income from salary under 50 l Income Tax Jun 10, 2017
SALARY INCOME MORE THAN 50 LACS Income Tax Jun 8, 2017