Tax benefit query

Can I get home loan and claim tax benefit if I repay the loan for a property, which is in my mother's name?

Pls guide me

Replies (3)

No

to cliam Tax Benefit by you

There are 2 basic conditions

1. House property should be in your name

2. Loan should also be in your name

Hi Yashaswini
If you paid the money to purchase the house property and taken home loan in own name. and there mother name is used only for registration name, then definetaly you can claim the all tax benefit regarding home loan.
 

One charitable Trust has given loan to another charitable trust where common trustees are there and considered as Application u/s 11.

The recipient trust has not finalised their account from last 7 years as there are some dispute among trustees and Auditors has also raised objection. 

The query is that can IT dept cancel 12A of recipient trust and if so then what would be implication on the another trust who has given the loan and claimed as application.

Thanks

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details