Hi,
I am buying a house in resale and planning to get the registry done in my mother's name. But the home loan would be in my name.
So my question is, in this case would there be any problem in taking the tax rebate for the interest of home loan? Or I need to have some other document prepared at the time of registry itself in order to avail this.
Thanks in Advance.
Dear Saurabhji ,
You can introduce your self as a co-owner while registering your home. To claim the benefits of Housing loan repayment one must have property in his name.
Dear Varsh*t,
Thanks for replying, but currently i am not available for registry (since i am abroad), so any other way it can be done while registry to claim the tax benefit?
Thanks
Subrahmanyam & Sivudu CA Firm
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