Loan EMi paid-Deduction

This query is : Resolved

Yogesh Modi (Querist)
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02 September 2008 My father has purchased a plot of land which is registred in his name and he constructed a house by taking a loan from bank. Now i am paying the EMI (Principle + Interest) because my father does not have source of income and he is dependent on me. What should I do so that I can claim the deduction for EMI paid. Please advice.

Thanks
Yogesh Modi

CA E.A.Ravikumar

CA E.A.Ravikumar (Expert)
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02 September 2008 Similar query already raised & solved - pls see that

Yogesh Modi

Yogesh Modi (Querist)
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03 September 2008 Sorry but I will be highly obliged if you can please reanswer the same?

Can I Prepare a Sale deed of sale of house from my father to me showing that the consideration will be paid in instalments per month of RS 6000 and then pay it in instalments monthly.

OR

Can my father gift the House to Me via Gift Deed?

Yogesh Modi

Yogesh Modi (Querist)
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13 October 2008 Please reply.

Regards
Yogesh

Yogesh Modi

Yogesh Modi (Querist)
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29 December 2008 Please someone reply what should I do to take the benefit of EMI paid. I am in great trouble.