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 ?
Replies (3)
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.