Deduction on Home Loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 February 2011
Hello Members,
Me & My brother have taken a home loan from the bank with the name of our mother.
My mohter is the primery borrower for this home loan. but the payment of home loan paid by me & my brother(50% each).
I need to ask that should we (Me & my brother) can avail the deduction for the payment of home loan premium?
Me & My brother have taken a home loan from the bank with the name of our mother.
My mohter is the primery borrower for this home loan. but the payment of home loan paid by me & my brother(50% each).
I need to ask that should we (Me & my brother) can avail the deduction for the payment of home loan premium?
CMA Ramesh Krishnan
(Expert)
09 February 2011
No, House & loan will be in your name or joint name then you can avail
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