Can a home loan from bank and from a relative be clubed?
This query is : Resolved
28 August 2016
Can a home loan from bank and from a relative be clubed for income tax rebate perspective
I have home loan from bank for a property and want to take loan from my parents as well can i take tax rebate on both the property
I have home loan from bank for a property and want to take loan from my parents as well can i take tax rebate on both the property
28 August 2016
No, you can't club.
29 August 2016
Interest on Loans from relative and Friends is eligible for deduction U/s 24(b) but Lander Must file ITR and Show Interest Income in Income Tax Return.
But one must note that Principle Repayment U/s 80C and Extra Interest Deduction U/s 80EE are not available.
Thanks.
But one must note that Principle Repayment U/s 80C and Extra Interest Deduction U/s 80EE are not available.
Thanks.
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