HOME LOAN

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 July 2010 Dear Experts
Home loan applicant is my mother i am the co-applicant but loan paid by me through the my bank and i am claiming the deductions my IT return like home loan principal and interest its correct or wrong kindly explain

19 July 2010 As you said that the home loan applicant is your mother, so it is understood that the property also stands in the name of your mother.

I this case , you will not be entitle to claim the home loan benefit under income tax act.

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 July 2010 Property owned my mother but building constructed by me so i m claim the deductions


19 July 2010 Property has to be in your name for claiming deduction.

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 July 2010 ok thank u boss



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