Repayment of Housing Loan

You can not take benefit of it in income tax so no matter whether paid cash or by cheque.

Dear,

Payment mode is irrelevant here. It is applicable in 80D only.

The reason is, Housing Loan is Provided by Bank only, n you need to pay it through Bank only. So mode is not relevant for the purpose.

As both are in the name of your father, only he can avail tax benifit u/s. 80C to the extent Principle amount of the Laon.

Thanks for the reply.

Though the loan taken in my father name I am the guarantor for that loan. So any chance to get the benefit...?

Girish

I don’t think so…