Deduction in sec 80c

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manoj (Querist)
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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

CA Hemant T Dewani

CA Hemant T Dewani (Expert)
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20 May 2008 if you are co borrower then it is available otherwise not

R.V.RAO

R.V.RAO (Expert)
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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

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