Deduction u/s 80 c
This query is : Resolved
Bharat Gupta
(Querist)
06 April 2013
Dear Experts,
I want to know whether an indivisual can claim deduction u/s 80C for the housing loan repayment, which he is making "on behalf" of his parents.
(Actual loan was taken by the parents & property is also registered only on their name - they are still surviving).
If not, than please suggest a solution so that the indivisual can get tax benefit.
Thank You,
Bharat Gupta.
I want to know whether an indivisual can claim deduction u/s 80C for the housing loan repayment, which he is making "on behalf" of his parents.
(Actual loan was taken by the parents & property is also registered only on their name - they are still surviving).
If not, than please suggest a solution so that the indivisual can get tax benefit.
Thank You,
Bharat Gupta.
CMA Ramesh Krishnan
(Expert)
07 April 2013
Since the property in parents and loan also their name. son cannot claim those deductions
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