Menu
House loan for joint accounts
can we include house loan to save tax , house is on my father's name and me and my father taking joint account so can I show that to save tax
Replies (2)
Principal amount of housing loan is covered u/s 80C and
Interest paid to max of Rs 2lakh can be adjusted from income if self occupied
Interest paid to max of Rs 2lakh can be adjusted from income if self occupied
If you are the co owner of the house and EMI is being paid from your bank account then you can take the benefit.
If the EMI is paid by both you and your father then you can take the benefit of that portion of EMI (Interest+Principal) which has been paid from your bank account.
Recent Topics :
- TDS on Property - Form 26QB Related
- Capital gains on sale of flat from wife to husband
- TDS filing for the 1st quarter of TY 2026-27
- Login into Old Traces Portal
- Professional Income reporting in ITR-3
- Pf exemption in hand of spouse on demised of husba
- Missed deadline to revise ITR for a foreign asset
- Durga Puja 2026 Dates: Mahalaya, Shashthi to Vijay
- Indo-MIM IPO Allotment Date, Status Check and List
- GSTR 1 filed but GSTR 3 B no filed
Related Topics :
CAclubindia
