Deduction in sec 80c
This query is : Resolved
20 May 2008
Dear Sir,
My Query Is Regarding Home Loan or repayment of home loan ,
if loan is taken by in name of my mother,than i will get deducation of repayment of principal amt or not , if i want to deducation than how can i get it .
Thank you in advance
My Query Is Regarding Home Loan or repayment of home loan ,
if loan is taken by in name of my mother,than i will get deducation of repayment of principal amt or not , if i want to deducation than how can i get it .
Thank you in advance
CA Hemant T Dewani
(Expert)
20 May 2008
if you are co borrower then it is available otherwise not
20 May 2008
UNLESS YOU ARE BORROWER OR CO APPLICANT TO THE LOAN,YOU CANNOT GET DEDUCTION OF HOME LOAN PRINCIPAL PAYMENT AS A DEDUCTION UNDER SEC 80 C.
R.V.RAO
R.V.RAO
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