My father had availed a housing loan of ₹13 lakhs in 2020, and since then, I have been solely responsible for repaying the EMIs. In 2024, my father unfortunately passed away, and I have continued to bear the EMI burden.
Both the loan account and the property are in my father's name, and I am his only son. Given these circumstances, I would like to understand if I am eligible to claim any tax benefits—either on the principal or interest component—under Section 80C or Section 24 (including 80EE/80EEA) of the Income Tax Act.
I would sincerely appreciate your guidance. My intention here is not to avoid taxes, but I am currently going through a financially challenging time and exploring any possible support available through legitimate means.
Thank you in advance for your time and advice.
CAclubindia
