Deduction under section 80 c
This query is : Resolved
Swarnalatha
(Querist)
04 February 2015
Housing loan has been taken in the name of mother and son would like to take its repayment u/s 80 c deduction. Can he take?
Thanks in advance
Thanks in advance
Sandeep Dharar
(Expert)
04 February 2015
If it is taken in the name of mother and son then only the mother and son can take the benefit u/s 80C and not the individual
04 February 2015
U/s 80C you can claim HL benefit only if property & loan is in name of individual himself.
04 February 2015
If son has deposited in FD in the name of father,can he take that amount as deduction u/s 80c
06 February 2015
https://www.caclubindia.com/experts/80c-1987279.asp
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