HUF, Home loan and Rent

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  1. amarpharma1

    amarpharma1 New Member

    Hello everyone,

    I bought a house with help of my father and bank loan.
    Now the house is in my name and getting tax exemption on Principal as well as interest of Loan amount.

    Earlier to my Loan i use to get House rent allowance, which i am not claiming now as am staying in my house for which am using loan amount exemptions.

    Is there a way I can open a HUF account adding my father as a co-owner for the house and pay rent to him and claim HRA as well as Loan amount to exempt from taxes??

    May be my interpretation of HUF is wrong? please suggest/ correct.
     
  2. rudrabose

    rudrabose Active Member

    There should be a property in the name of the HUF for which you would be paying rent.

    This property is in your name and not in the name of the HUF
     
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