Regarding housilng loan tax benefits
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 June 2015
Site in the name of father applying for housing loan from bank in that son is the Co-applicant,They got home loan on the basis of son ITR V. my question is son is get tax benefits on housing loan repayment or not?
CA. Sunil Gokhale
(Expert)
16 June 2015
Son will get tax benefit to the extent he actually pays the loan installments. Clear record of payment should be available to prove repayment.
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