Can a home loan from bank and from a relative be clubed?

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Saurabh Sharma (Querist)
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28 August 2016 Can a home loan from bank and from a relative be clubed for income tax rebate perspective
I have home loan from bank for a property and want to take loan from my parents as well can i take tax rebate on both the property

CA ANILKUMAR B.COM FCA DISA

CA ANILKUMAR B.COM FCA DISA (Expert)
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28 August 2016 No, you can't club.

CA SAGAR M. AHUJA

CA SAGAR M. AHUJA (Expert)
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29 August 2016 Interest on Loans from relative and Friends is eligible for deduction U/s 24(b) but Lander Must file ITR and Show Interest Income in Income Tax Return.
But one must note that Principle Repayment U/s 80C and Extra Interest Deduction U/s 80EE are not available.
Thanks.

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