House maintenance

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Mechanical
215 Points Posted on 30 December 2020
i had taken a small loan for house maintenance, but the house is in my fathers name. can i give less than 30,000, as interest exemption.
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On 30 December 2020 at 05:57 Report
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Quick Summary
This discussion clarifies whether you can claim tax exemption on a house maintenance loan if the property is in your father's name and you are not a co-owner. The consensus is that you cannot claim any deductions or exemptions in this scenario, as the loan and property ownership are separate from your tax affairs.

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Tax consultant
5895 Points Posted on 30 December 2020
No if you are not a co owner with your father
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On 30 December 2020 at 07:12
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STUDENT
1631 Points Posted on 30 December 2020
No claim , the amount paid by the father , you not allowed to claim
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On 30 December 2020 at 09:34
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Accountant
4533 Points Posted on 31 December 2020
No you cannot claim any deductions
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On 31 December 2020 at 00:58
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Mechanical
215 Points Posted on 15 January 2021
Thank you all
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On 15 January 2021 at 23:52

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