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Purchase of 2nd flat

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 September 2014 I M BUYING A 2ND FLAT JOINTLY WITH MY FATHER NAME AS 2ND OWNER EARLIER I PURCHASED A FLAT IN JOINT NAME WITH MY MOTHER NAME AS 2ND OWNER. ALSO I AM APPLYING FOR A LOAN FOR THE NEW FLAT WILL I GET BENEFITS IN INCOME TAX TOWARDS LOAN & INTEREST WHICH I WILL B PAYING FOR THE SAME.

FURTHUR I M A SALARIED EMPLOYEE DRAWING A MONTHLY SALARY KINDLY SUGGEST YOUR ADVICE IN THIS MATTER
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
17 September 2014 Yes you can avail both repayment of principal and interest benefits.

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