Home loan and tax banifit
This query is : Resolved
30 April 2013
can i take home loan on father property.claim tax exemption
30 April 2013
If house property is on your father name, you can take house loan but you can not claim tax exemption. You can apply for house loan by showing your proof of income and your father as a coapplicant. I hope this loan is for renovation, repair purpose of your existing father house.
In case your query is about to buy your father property, yes, you can buy your father property by taking house loan from bank and nevertheless, you are eligible for tax exemption.
In case your query is about to buy your father property, yes, you can buy your father property by taking house loan from bank and nevertheless, you are eligible for tax exemption.
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