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Clarification whether father is allowed for repay son's home loan

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(Querist)
11 June 2021 sir, i have a doubt, one of my client's father received lump sum amount after retirement , can that proceeds be used for repaying son's home loan?
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CA Altamush Zafar

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CA Altamush Zafar (Expert)
11 June 2021 Sure he can. There is no restriction.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
24 September 2021 Yes, he can pay that.... but he can not claim any benefit of tax/ saving over the sum received/earned in lump sum.
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