Loan EMI for HL in the name of Son

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9 Points Posted on 11 October 2021
I would be happy if anyone can guide me on whether
Parents can directly pay lumpsum amount in the Housing loan of their Son/Daughter ?
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On 11 October 2021 at 21:19 Report
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Quick Summary
This discussion clarifies whether parents can directly pay a lumpsum amount towards their son or daughter's housing loan. While it's permissible, the consensus is that the payer (parent) won't receive any tax benefits or ownership advantages if the loan and property are not in their name. The original poster confirmed they are not seeking any benefits from such a payment.

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Team Lead
7558 Points Posted on 11 October 2021
Yes but you won't get any benefit of that if you aren't the owner and home loan not I your name
1 Reply
On 11 October 2021 at 23:13
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Chartered Accountant
24588 Points Posted on 12 October 2021
Agree with above
1 Reply
On 12 October 2021 at 06:19
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9 Points Posted on 12 October 2021
Thnks, i do not want any benefit too
1 Reply
On 12 October 2021 at 10:16

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