Hello All,
I took Rs 20 lakh as home loan from my mother last year.
My mother is senior citizen age 66 years, she receives following incomes at different sources as 1) pension income of rs 24600/ yearly 2) Rental income as 150000 /- yearly 3) Dividend income of Rs 20,000 /- yearly and 4) Saving interest of Rs 9000 Yearly
I have returned 2 Lakhs Rs during current year back to my mother against my home loan repayment where 70000/- as interest amount,
Would like to know following questions :
1) Where I can mention above interest income in my mother's ITR -2 filing for current year AY 22-23
2) and how I can take benefit from home loan interest payment to my mother for current year AY 22-23
Really appreciate for quick response.
CAclubindia
