Homeloan Tax Benifit

280 views 6 replies
My mother is the sole owner of the house property. Though she is co-borrower in Homeloan alongwith myself and my brother. EMI will be paid by me and my brother. So can we allow to take advantage of Homeloan Tax Benifit?
Replies (6)
Yes allow. By different tax laws
can you elaborate?
Mother and son is relative so doesn't matter who pay emi can take deduction. If two son pay through bank account then both can take deduction proportionately. As pay by them.
no you can't take the benefit, since mother is the sole owner of the property.
you can add your name to the property after which you can claim the home loan benefits
Clearly mentioned mother is the only one owner of the property but two sons paying EMI on behalf of his mother in this case mother only can take the tax benefits but sons can't able to take the tax benefit Bec they are paying amount for their mother's home loan towards gift , so they are not able to get tax benefit,
If I am wrong please correct me
Thank u
Generally trend is followed as mentioned in question to avoid some Stamp duty nd other things

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details