08 June 2011
Can I purchase a new home in the name of my mother and take the benefit of interest on the home loan in my personal Income tax return?? Or the requirement is that interest on home loan is available to only the person in whose name home is purchased?
Can I take home loan in joint names of me along with my father??????
08 June 2011
INTEREST DEDUCTION IS AVAILABLE ONLY TO OWNER SO HOUSE MUST BE IN UR NAME IF U GO FOR JOINT OWNERSHIP THEN U WILL GET PROPORTIONATE DEDUCTION
CAclubindia
