Home loan tax rebate
This query is : Resolved
18 April 2019
My father has a property on his name. My family is living there. I am a salaried person working in a different city on rented accommodation. I am claiming HRA for my rent.
Now I have taken a home loan of 10 lakh rupees for home renovation where my family is living?
I am neither the owner or the co-owner of the property it's on my father's name
But my father is co-borrower in the home loan.
Is there any chance I can claim this home loan for my income tax rebate?
Now I have taken a home loan of 10 lakh rupees for home renovation where my family is living?
I am neither the owner or the co-owner of the property it's on my father's name
But my father is co-borrower in the home loan.
Is there any chance I can claim this home loan for my income tax rebate?
18 April 2019
Law does not permit you to claim interest and principal repayment of the said loan.
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