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decduction under section 80 for housing loan
i am a govt. employee andI have availed housing loan on my father's residential house. can I clame for deduction in my total income and how much??
Replies (5)
No...
You can't claim deduction for HL repayment amount in Your ITR. Bcoz, The Property owned by Your Father. Not for You....
You can't claim deduction for HL repayment amount in Your ITR. Bcoz, The Property owned by Your Father. Not for You....
okay if my father gift this property to me, then can I claim for deduction. if yes, then how much
your father can not gift to you a property on which loan is taken, first you have to meet to the bank or institution stating the facts of gift and transfer the loan on your name
once property and loan trf on your name then you may take all the benefits
once property and loan trf on your name then you may take all the benefits
no you can't claim deduction bcoz property is in the name of ur father
okay thank-you
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