Loan EMi paid-Deduction

This query is : Resolved 

02 September 2008 My father has purchased a plot of land which is registred in his name and he constructed a house by taking a loan from bank. Now i am paying the EMI (Principle + Interest) because my father does not have source of income and he is dependent on me. What should I do so that I can claim the deduction for EMI paid. Please advice.

Thanks
Yogesh Modi

02 September 2008 Similar query already raised & solved - pls see that

03 September 2008 Sorry but I will be highly obliged if you can please reanswer the same?

Can I Prepare a Sale deed of sale of house from my father to me showing that the consideration will be paid in instalments per month of RS 6000 and then pay it in instalments monthly.

OR

Can my father gift the House to Me via Gift Deed?


13 October 2008 Please reply.

Regards
Yogesh

29 December 2008 Please someone reply what should I do to take the benefit of EMI paid. I am in great trouble.


21 June 2023 "Sorry, I am not a featured member."

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