Home loan tax exemptio

172 views 1 replies

Hi Team,

My father is the owner of our home. I.e., property is under my father's name. I am planning to take home loan during this year. I do have list of questions on taking the home loan.

1. Can I get tax exemption during this year.

2. How much can be exempted under 80C?

3. Do I need to get the home loan under my father's name/my name?

4. What are all the documents to be submitted on filling the ITR

Looking for your help and support.

Thank you in advance.

 

 

Replies (1)
1. Yes you can get interest on loan exemption.

2. Interest can be exempted upto 200000 rupees
and for 80C you can get deduction of the principal amount

3 You can avail home loan.

4. Only mention the interest on loan you paid in ITR
u/s 24(b)

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
ARTICLESHIP 14 July 2026
Article Assistants

R Shyam and Associates

New Delhi

CA Final

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
Featured 16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details